WASHINGTON — President Joe Biden and Chinese President Xi Jinping plan to hold a virtual summit on Monday, people familiar with the matter said, as the two leading world economies pledge to work together on climate change but differences remain over Taiwan and other fronts.

The leaders have spoken twice since Biden took office in January, the last time in September, though the summit is expected to resemble a more formal bilateral meeting with staff involvement.

One person closely tracking the negotiations and in contact with U.S. officials said climate, trade and nuclear nonproliferation—all areas the U.S. wants to work on with Beijing—as well as Taiwan and cybersecurity are among the issues that could be discussed.

The White House has yet to formally announce a date or agenda. The Chinese embassy in Washington didn’t immediately respond to a request for comment.

Biden and Xi have expressed a desire to work together, and the U.S. and China just issued a surprise joint declaration to address climate change as part of talks in Glasgow, Scotland, which raises expectations for a more cooperative tone next week.

An expanded version of this report appears on WSJ.com.

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