$JD $BABA $NIO Biden spoke by phone with Chinese President Xi Jinping on Wednesday evening. This was a call initiated by Mr. Biden and motivated by what is essentially his exasperation that lower-level Chinese officials have been unwilling to hold substantive conversations with his administration. A senior administration official said that the president wants to keep the channels of communication open so the two countries do not unintentionally "veer into conflict." The intent is to have a strategic conversation about how to manage competition between the two world powers. cbsnews.com/news/biden-call...