The US and Chinese leaders have held a three-hour bilateral from which the two sides produced completely different accounts. What we do know is that Xi Jinping was adamant that Taiwan was a red line he would not cross. Although Joe Biden stated there is "no Cold War" between China and the USA, there is not a lot of love lost either. Biden's $3 billion military aid package for Taiwan may not help thaw the situation, with Taipei looking to deepen the Taiwan-US security accord. This amid fears that Taiwan could be invaded by China.