WATCH: China expert claims Biden giving communist regime 'everything that they want'

Fox News anchor Maria Batiromo hosted a panel discussion on Sunday featuring Gatestone Institute Senior Fellow Gordon Chang and Atlas Organization founder Jonathan Wald to discuss Biden's foreign policy towards China.

Batiromo began by acknowledging a recent speech made by Chinese President Xi Jinping at Davos, where he suggested that the US and China would be entering a "new cold war" if Biden continues Trump-era foreign policy towards the nation.

"Biden right now, you know, the Chinese are testing him, but they don't really need to lift a finger to do this because he's giving them everything that they want," Chang said, pointing to Biden's rejoining of the Paris Climate Accord and the World Health Organization. "The list goes on and on."

Batiromo turned the discussion towards Wald, asking about China's authoritarian policies.

"They think that they're gonna beat us in this new cold war, whatever we want to call it," Wald said. "They believe that Covid-19 has put them in an advantageous position, they've said for a long time that they're gonna turn crisis into an opportunity, it has strengthened their position in the world economy, they've done that in a sense."

Wald pointed out that China is the only major economy which grew in 2020 and that the country has now passed the US as the leading destination for foreign direct investment (FDI).

"China knows that if they become the world's dominant economy, the rest will fall into place. So they feel very confident and they're gonna be quite aggressive, so the new administration has to be ready," he said.

The discussion later turned to the Chinese military, with Batiromo reading out a warning delivered from the Global Times, which she described as the "mouthpiece of Xi Jinping."

"Taiwan and the US should be sent a message, do not misjudge or underestimate the Chinese mainland's determination and will to defend its territorial integrity and to severely punish the reckless acts of Taiwan independence forces."

"Well first of all, the Chinese are preparing for war," Chang said, further arguing that these actions aren't merely bluffing on the part of the Chinese government.

Chang further claimed that China is using gene editing to create new diseases which are affected by "ethnogenetics," allowing Chinese people would be alrgely unaffected while it would devastate western societies. He did not discuss what evidence he has for this claim, or what evidence there is that it would be scientifically feasible.

While President Joe Biden has been accused of being soft on China, he has indicated that he will continue at least some Trump-era foreign policy decisions against the country, such as identifying their government to be committing genocide against the ethnic Uyghur population, a move which has angered the Chinese government.