During their meeting last year, Chinese President Xi Jinping and U.S. President Joe Biden agreed to improve relations between Beijing and Washington. A series of high-level visits to China by U.S. officials followed.

Then, the United States slapped restrictions on investments in China. The Chinese Foreign Ministry called the move “economic coercion” that “violates principles of market economy and fair competition.”

CGTN’s Nathan King reports on China-U.S. relations.