US President Joe Biden has rejected the idea of a Cold War-style conflict with China, saying on Monday: “I absolutely believe there’s not been a new Cold War.” Following talks with Xi Jinping on the Indonesian island of Bali, Biden said he and the Chinese leader had spoken with each other openly and clearly, and both sides had understood each other’s statements and opinions. At the same time, Biden emphasized that he was proceeding very carefully so that there were no misunderstandings in the talks. The US president said that a potential “misunderstanding of intentions or actions on either sid…