US-China/Trump-Xi Meeting
- Chinese President Xi Jinping meets with U.S. President Donald Trump in
Beijing.
- Xi to Trump: “Pleasure to meet you in Beijing. This is your first visit to
China in nine years.”
- Trump: Relationship with China is “going to be better than ever.”
- Xi: Both trade teams reached “generally balanced, positive results.”
- Xi: China and the U.S. should build “constructive, strategic and stable
relations.”
- Trump invites Xi to visit the U.S. on Sept. 24.
- White House: Trump had a “good meeting” with Xi.
- White House: Both sides highlighted fentanyl precursor controls and increased
Chinese purchases of U.S. agricultural products.
- White House: Both countries agreed Iran can never have a nuclear weapon.
- Rubio: U.S. policy on Taiwan “has not changed”; China taking Taiwan would be
"a mistake."
- Russia says it seeks direct contacts with Xi independent of Trump’s China
visit.
China/Trade/Economy
- China renews export licenses for more than 400 U.S. beef plants.
- Sources: U.S. approved around 10 Chinese companies to purchase Nvidia H200
chips, including Alibaba, ByteDance, Tencent, and JD.com.
- China’s Shanghai Composite falls 1.5%, biggest one-day drop since March 23.
- China’s new yuan loans turned negative in April for the first time in nine
months.
- China April total social financing at 620B yuan versus 1.5T yuan forecast.
- China to strengthen safety supervision and management of new-energy vehicles.
- Bessent: “Soybeans are all taken care of.”
- Bessent: Both sides can designate $30B for goods in non-critical areas.
- Bessent: Unsure where reports of $1T Chinese investment in the U.S.
originated.
Iran/Middle East
- Iran’s Fars News says transit of Chinese vessels through the Strait of Hormuz
resumed following an understanding over Iran’s management protocols.
- Trump says Xi told him China would not share military equipment with Iran.
Technology/Corporate
- Apple-OpenAI partnership frays, setting up possible legal fight.
- Samsung Electronics union leader says strike will launch if management fails
to respond to demands by Friday morning.
