(CBS NEWS) In their final meeting, China's leader Xi Jinping told President Biden that his nation was "ready to work with a new administration," as President-elect Donald Trump prepares to take over.

The two leaders gathered Saturday on the sidelines of the annual Asia-Pacific Economic Cooperation summit, marking their first in-person meeting since one they held in Northern California last November. Mr. Biden was expected to urge Xi to dissuade North Korea from further deepening its support for Russia's war on Ukraine.

The White House said in a statement that Mr. Biden also "expressed deep concern" to Xi over China's "continued support for Russia's defense industrial base."

Without mentioning Trump's name, Xi appeared to signal his concern that the incoming president's protectionist rhetoric on the campaign trail could send the U.S.-China relationship into another valley.

"China is ready to work with a new U.S. administration to maintain communication, expand cooperation and manage differences so as to strive for a steady transition of the China-U.S. relationship for the benefit of the two peoples," Xi said through an interpreter.

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