More importantly, Biden is in no position to offer Xi anything. Congress is competing over who can bash on China more, mainstream media has already ensured that 80-90% of Americans hate China over the last 5 years, and the Republicans are looking for any opportunity to bait the Democrats into looking weak on China.I don’t think much will come out of it. Even if Xi does a 180 and agrees to bail out the US economy, China is in no position to do so. The hole is too big this time around and China has its own issues to worry about.
In short, China hate has already reached a fever pitch in the US and taken on a life of its own. Once you open the war box, you can’t put it back in even if you have second thoughts.