...President Xi underlined three overarching principles that should guide China-U.S. relations in 2024. 

First, peace must be valued. The two sides should put a floor of no conflict and no confrontation under the relationship, and keep reinforcing the positive outlook of the relationship. 

Second, stability must be prioritized. The two sides should refrain from setting the relationship back, provoking incident or crossing the line, so as to maintain the overall stability of the relationship. 

Third, credibility must be upheld. The two sides should honor their commitments to each other with action, and turn the San Francisco vision into reality. They need to strengthen dialogue in a mutually respectful way, manage differences prudently, advance cooperation in the spirit of mutual benefit, and step up coordination on international affairs in a responsible way.

President Xi stressed that the Taiwan question is the first red line that must not be crossed in China-U.S. relations. 

In the face of "Taiwan independence" separatist activities and external encouragement and support for them, China is not going to sit on its hands.

He urged the U.S. side to translate President Biden's commitment of not supporting "Taiwan independence" into concrete actions. 

The U.S. side has adopted a string of measures to suppress China's trade and technology development, and is adding more and more Chinese entities to its sanctions lists. 

This is not "de-risking," but creating risks. If the U.S. side is willing to seek mutually beneficial cooperation and share in China's development dividends, it will always find China's door open; but if it is adamant on containing China's hi-tech development and depriving China of its legitimate right to development, China is not going to sit back and watch.

President Xi stated China's position on Hong Kong-related issues, human rights, the South China Sea, and other issues.