Biden meeting with Xi Monday on island of Bali

There won't be concessions from the U.S. side. No real deliverables, which is governmentspeak for specific achievements. Don't expect a cheery joint statement, either.

During President Joe Biden's highly anticipated meeting with Chinese President Xi Jinping on Monday, the leaders will be circling each other to game out how to manage a relationship that the U.S. has determined poses the biggest economic and military threat.

U.S. officials have repeatedly stressed that they see the two countries' interactions as one of competition — and that they want to avoid conflict.

Here's a look at what each side is hoping to achieve out of the leaders' first in-person encounter as presidents, to be held on the island of Bali in Indonesia:

For the United States

Essentially, Biden and other U.S. officials are trying to understand where Xi really stands.

In a news conference shortly before leaving Washington, Biden said he wanted to “lay out … what each of our red lines are, understand what he believes to be in the critical national interests of China, what I know to be the critical interests of the United States.”

That mission has become all the more imperative since the conclusion of the Community Party congress in Beijing, during which Xi secured a normbreaking third term as leader, empowering him even further.

For China

Xi has yet to give a wish list for talks with Biden, but Beijing wants U.S. action on trade and Taiwan.

Perhaps most importantly, the Group of 20 gathering in Bali and the meeting with Biden give China's most powerful leader in decades a stage to promote his country's image as a global player and himself as a history-making figure who is restoring its rightful role as an economic and political force.