I mean the US has continued with its aggressive rhetoric against China even days before the meeting so obviously there is not any goodwill here. And China doesn't have a lot to win with the meeting, maybe they want the tariffs dropped but it is political suicide for Biden to do.Latest 观棋有语 says there's decent chance that the Alaska meeting may not happen as the attitude from US suggest they just want to complain and shit talk China, rather than try to solve any problems.
China should quit the meeting as a matter of principle, you dont talk with someone so aggressive in rhetoric. However practically it would be good to have some first diplomatic talks to set some rules on the ground, talk the differences and draw red lines