During the meeting, Xi says that Beijing will "strive for a smooth transition" regarding relations with the USA and that both countries should continue to strive for long-term peaceful coexistence, reports China's state news agency New China.
China is ready to work with a new administration, says Xi Jinping.
The conversation, which is likely to be the last between the two leaders before Biden hands over the White House to Donald Trump in January, takes place in connection with a meeting of the Asia-Pacific Economic Cooperation (Apec).
Over the past four years, relations between China and the USA have experienced ups and downs, but with the two of us at the helm, we have also had fruitful dialogues and cooperation, and generally achieved stability, says Biden.
It has also been previously reported that Biden is expected to raise the issue of North Korea's involvement in the war between Russia and Ukraine, and try to get China to use its influence on the North Korean regime to prevent the situation from escalating.