CNBC's The China Connection newsletter: Five things to watch for the Trump-Xi summit
Many in China sound far more optimistic than those in the U.S. about the bilateral relationship, ahead of a highly anticipated summit this week.
TL;DR
- A trade truce extension is anticipated, though its duration is uncertain, building on previous agreements regarding rare earth exports and increased purchases of U.S. goods.
- The U.S. is increasingly concerned about the artificial intelligence race, with discussions planned to establish dialogues and potential notification systems for AI incidents.
- Prominent U.S. business executives are expected to attend a state dinner for President Xi, but there has been no confirmation of Chinese business attendees.
- The Iran war is expected to be a significant discussion point, with the U.S. seeking China's assistance in de-escalation and preventing military support to Tehran.
- The summit aims to stabilize bilateral relations, but global economic implications and growing suspicion of Chinese exports remain a concern.