“China is having their own internal and external difficulties right now,” Mr Biden said, citing a stagnant economy and the Belt and Road Initiative to provide infrastructure around the world had turned into a “debt noose” for most of the countries signed on. “We’re going to compete with China on every way according to international rules, economically, politically and other ways, but not I’m not looking for conflict.“ Mr Albanese said he looked forward to a “constructive dialogue” when he met Mr Xi, adding dialogue helped defuse tensions. “We want a peaceful and secure region,” Mr Albanese said.“But we want…