Chinese Foreign Minister Wang Yi cautions his US counterpart Antony Blinken against stepping on China's "red lines”, as the two country's top diplomats met in Beijing on Friday, BBC reported.

Wang opened the meeting with a question which sounded more like a warning: "Should China and the United States keep to the right direction of moving forward with stability or return to a downward spiral?"

The China-US relationship is beginning to stabilize, but it is still being tested by "negative factors", he added.

Blinken, who is on his second visit to China in less than a year, was to wrap up his trip with China's President Xi Jinping on Friday afternoon.

Earlier on Friday, Wang had warned that both countries could either engage in cooperation or confrontation, and even a "slide into conflict".

He set out what he called China's red lines on its sovereignty, security and development and warned the US not to step on them.

"Negative factors in the [US-China] relationship [are] still increasing and building, and the relationship is facing all kinds of disruptions," Wang said.

"China’s legitimate development rights have been unreasonably suppressed and our core interests are facing challenges," he said.

Wang did not specify these challenges, but there are several sensitive flashpoints between the two superpowers, including their positions on the South China Sea, US support for the government in Taiwan, and human rights.

Blinken was more circumspect in his remarks to Wang in front of the press.

Beijing and Washington have a shared responsibility to move ties forward with "active diplomacy", he said.

Nevertheless, he said he would be clear and direct about their countries' differences to avoid miscalculations in what he called the world's most consequential relationship.

Some of these differences were highlighted early this week after Washington approved its latest aid package which included military assistance to Taiwan. This drew sharp criticism from Beijing, which called it a "serious violation of the one-China principle".

China claims self-governed Taiwan as a breakaway province that will eventually be under Beijing’s control, but the island sees itself as distinct.

Blinken's visit also took place a few days after the US passed a law that would force Chinese-owned TikTok to sell the hugely popular video app or be banned in America.

Behind the scenes, the Americans have been warning Beijing to stop exporting parts to Russia that it says helps Moscow make weapons for its war in Ukraine, with a threat of sanctions hovering over the talks.

This visit though is part of a significant increase in dialogue and diplomacy, however frosty, between these rival powers - an attempt to put relations on an even keel, after a period of immense tension last year.

During a call earlier this month, US President Joe Biden and Xi discussed avenues of cooperation, including efforts to combat climate change and narcotics.

But they clashed over Washington’s support for Taiwan and trade restrictions on technology.