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China Stocks Open Higher as Xi Welcomes Trump in Beijing

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China stocks opened higher on Thursday as President Xi Jinping welcomed his U.S. counterpart Donald Trump at the Great Hall of the People in Beijing for their high-stakes summit.

The Shanghai Composite Index, the main gauge of Chinese stocks, opened 0.3% higher at 4,255.32. The Shenzhen Component Index rose 0.6% at the opening bell to 16,189.64.

The meeting between the leaders of the world's two largest economies, delayed due to the war in Iran, could focus on artificial intelligence, tariffs, and geopolitical issues, among others, multiple media reported.

Global tech bosses joined Trump on this trip, including Nvidia CEO Jensen Huang and Tesla's Elon Musk.

U.S. Secretary of State Marco Rubio said China should take a more "active role" in resolving the conflict in Iran and reopening the Strait of Hormuz, Fox News reported Wednesday.

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