The US President Joe Biden's administration may hold meetings with Chinese counterparts at the World Economic Forum in Singapore in May, the organization’s president, Borge Brende, said during an interview with the Prime Minister of Singapore.

He called for a reset in relations between the two superpowers, Reuters reported.

Singapore has very close ties with the US, but it also works very well with China, Brenede said noting that the special annual meeting could be the meeting place for the new Biden administration and China.

Relations between the two countries have soured during the administration of former US President Donald Trump over trade tariffs and criticism of China's actions amid the COVID-19 pandemic.

It may not be too late for the United States and China to change the tone of their engagement and prevent a clash between them, said Singapore Prime Minister Lee Hsien Loong.

The new US administration is an opportunity to steer the relationship towards safer waters, he said, adding that the US-China relationship should be a key strategic priority for Biden.

Neither China nor the United States has announced yet whether they will send officials to the May 25-28 meeting, which remains uncertain given that the pandemic is still raging in many parts of the world.