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China, US Economic Teams Reach 'Positive Outcome,' Xi Says

Chinese President Xi Jinping said Beijing and Washington's economic teams reached a "generally balanced and positive outcome" during Wednesday's meeting, Xinhua News Agency reported Thursday.Xi made the remarks after welcoming U.S. President Donald Trump in Beijing.U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng met in South Korea on Wednesday, ahead of the high-stakes meeting on Thursday, the BBC reported."Facts have repeatedly proven that there are no winners in a trade war, and the essence of China-US economic and trade relations is mutual benefit and win-win cooperation," Xinhua quoted Xi as saying.

Trump Says Trade Teams Reach 'Positive Outcome' Wednesday, State Media Reports

Beijing Draws 'Red Lines' Ahead of Xi-Trump Summit

China's Embassy in the U.S. warned that certain issues are off the table in the high-stakes summit between U.S. President Donald Trump and Chinese President Xi Jinping.The embassy outlined four "red lines" that it said "must not be challenged" during the bilateral talks, according to a post on X on Wednesday.These four areas include "the Taiwan question," democracy and human rights, paths and political systems and China's development right.Xi and Trump kicked off their talks Thursday morning following a welcome ceremony for Trump at the Great Hall of the People in Beijing.

Xi Calls for 'Brighter Future" for Relations with US

Chinese President Xi Jinping called on U.S. President Donald Trump to "build a brighter future" together during his opening remarks after welcoming Trump to Beijing on Thursday."The whole world is watching our meeting," the BBC quoted Xi as saying. "Can we, in the interest of our world, of our two peoples, and the future of humanity, build a brighter future for our bilateral relations?" Xi said.Xi told Trump their two countries are "partners, not rivals," and said the meeting should open a new chapter in their bilateral relations.

Market Chatter: China Calls Out EU For Proposed Investment Curbs

A Chinese diplomat said Beijing is "very disappointed" with Europe's plan to curb investment from China, according to a Reuters report on Wednesday.Chinese diplomat Qu Xun, China's commercial representative in Spain, made the statement during a panel discussion at an event at the IESE Business School in Madrid, the report said.The European Union proposed stricter laws on its control and ownership of critical industries' manufacturing and in restricting "high-risk" cybersecurity suppliers, especially those from China. The European Parliament is in the early stages of passing these laws, the media outlet said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Xi Calls For US-China to Be Partners, Not Rivals

Xi, Trump Kick Off Bilateral Talks

Beijing's Welcome Ceremony for Trump Ends

China Stocks Open Higher as Xi Welcomes Trump in Beijing

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.

Trump, Xi Shake Hands on Red Carpet Ahead of High-Stakes Summit in Beijing

Trump's Motorcade Heads to Beijing's Great Hall of the People

Xi to Receive Trump at Beijing's Great Hall of the People Shortly

Market Chatter: US-China Said Expected to Cut Tariffs on Certain Goods in Beijing Summit

The US and China are expected to launch a so-called "Board of Trade" mechanism this week, with each side potentially identifying $30 billion worth of goods on which they could cut tariffs, Reuters reported Wednesday.US Trade Representative Jamieson Greer proposed the approach in March as a key "deliverable" agreement for the summit between US President Donald Trump and Chinese President Xi Jinping, the report said.Ahead of the Trump-Xi summit, US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng met for three hours in Incheon, South Korea, to lay the groundwork for economic proposals for Trump and Xi to discuss in Beijing, Reuters said.The officials expect a $30 billion-for-$30 billion trade-barrier reduction framework agreement, Reuters said, citing four people familiar with the matter.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Market Chatter: US-China Summit to Discuss Trade After 30% Decline During Tariff War

US President Donald Trump and Chinese President Xi Jinping are set to meet on Thursday to discuss trade, a year after they paused a tariff war.However, despite the pause, US imports from China plummeted 30% in 2025, according to data from the US Commerce Department.Of the 19,000 goods tracked in an analysis by Nikkei, it found that for the top 100 goods where Chinese imports declined, 80% of that drop was filled by imports from India, Vietnam, and other countries.Laptop imports from China fell to 25% of their 2024 levels, with Vietnam absorbing 70% of the decline as imports from the country more than doubled, according to Nikkei on Thursday.India offset 90% of the decline in Chinese smartphone shipments, largely attributed to Apple moving iPhone production for the US market to India in early 2025, according to the report.Nikkei said it used Anthropic's Claude artificial intelligence tool in the trade analysis.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Market Chatter: China Diversifying Oil Purchases Ahead of Trump Visit

China is diversifying its crude oil sources to include the U.S. to boost its energy security ahead of the visit of President Donald Trump to Beijing, Nikkei Asia reported Wednesday.For instance, China is poised to receive a shipment of oil from Iran via Indonesia, the report said.Before the war, China purchased about 90% of Iranian oil via third countries such as Malaysia, but in recent months, China-bound Iranian oil is believed to be transferred ship-to-ship off Malaysian and Indonesian waters, the report said.While China is purchasing Iranian oil, Beijing is also trying to gain leverage over the Washington by buying U.S. oil, the report said.Beijing is avoiding tapping into its strategic reserves to ensure it is not used against them in negotiations, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Market Chatter: US-China Police Join Forces in 'Unprecdented' Dubai Scam Bust

U.S. Federal Bureau of Investigation and Chinese police cooperated in a joint Dubai operation targeting scam networks, days before the Xi-Trump summit in Beijing, The South China Morning Post reported Wednesday.Dubai Police said at least nine hubs were dismantled and 276 suspects arrested, according to the report.FBI Director Kash Patel called the cooperation "unprecedented," the SCMP wrote. Three suspects face U.S. fraud charges.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

China Stocks Rebound as Investors Await Trump-Xi Summit; Shenzhen's Tech Index Closes at All-Time High

China stocks recovered during Wednesday trading as investors brace for the impact of the meeting between Presidents Xi Jinping and Donald Trump in Beijing this week.The Shanghai Composite Index, the main gauge of Chinese stocks, gained 0.7% or 28.08 points to reach 4,242.57. The Shenzhen Component Index rose 1.7% or by 264.83 points to 16,089.75.Shenzhen's ChiNext closed at an all-time high, rising 3% or by 103.45 points to 4,038.33.Shanghai's STAR Market Semiconductor Index closed 5% higher.Nvidia CEO Jensen Huang joined other chief executives at the eleventh hour following a last-minute call from Trump, Reuters reported.Both Xi and Trump will hold their first face-to-face talks in more than six months to stabilize relations mired by trade disagreements, the Iran war, and other flashpoints, Reuters reported Wednesday."Geopolitics will be at the front of minds for many investors, particularly if the meeting helps energy supply concerns in the Gulf," Reuters quoted L&G's chief of investment strategy in Asia, Ben Bennett, as saying.However, investors are keeping their expectations low and are not looking for breakthroughs in the meeting between the two world powers, the newswire said."We've seen this movie before, and we know it doesn't end with a breakthrough agreement that resets the U.S.-China relationship. That creates a pretty low bar for success," the newswire quoted Rayliant Investment Research's Chief Research Officer Phillip Wool as saying.On the corporate front, Wuxi Huaguang Environment & Energy (SHA:600475) surged 10% at market close after associate Guolian Green Technology (Wuxi) applied for a listing on the Hong Kong Stock Exchange.

TikTok Seeks Removal of EU Gatekeeper Status at Top Court Hearing

TikTok appealed to the European Union Court of Justice to remove its designation as a "gatekeeper" under the bloc's Digital Markets Act, according to a Tuesday press release.The video-sharing app obtained the designation in 2023 alongside other companies that have more than 45 million monthly views, according to Reuters.TikTok sought to challenge the designation, saying it has not yet reached the threshold, but a lower court dismissed the case, saying it met the criteria for "gatekeeper" status.During the hearing, ByteDance lawyer Bill Batchelor said the lower court erred in the case, arguing that TikTok did not gain significant market impact, did not act as a business gateway, and did not hold an entrenched market position.TikTok said up to 80% of its users use other platforms in parallel in a practice called "multihoming" and are not locked in to the app, the lawyer said.However, a European Commission lawyer negated TikTok's arguments, saying lock-in has occurred despite some level of multihoming.The EU Court of Justice will rule on the case in the coming months, Reuters said.

Market Chatter: Trump's China Trip to Boost Chinese Stocks, Morgan Stanley Says

U.S. President Donald Trump's trip to China is expected to bolster Chinese equities moderately if the current trade deal is extended, South China Morning Post reported Wednesday, citing Morgan Stanley.The American bank predicted Hong Kong's Hang Seng Index to rise 8% to 28,400, Hang Seng China Enterprises Index to increase 11% and MSCI China Index to climb by 12% in the second quarter, the report said.MSCI China could surge by up to 27% if U.S.-China bilateral relations improve, especially as China exits deflation, Morgan Stanley said, according to SCMP.Morgan Stanley's top sectors recommended for investment include energy and materials suppliers, healthcare, semiconductor and automation, the media outlet said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Market Chatter: China Urges Pakistan to Step Up Iran Mediation as Xi-Trump Summit Nears

China called on Pakistan to intensify mediation efforts in the Iran crisis, warning that escalating tensions could overshadow U.S. President Donald Trump's upcoming visit to Beijing, The South China Morning Post reported Wednesday.Chinese Foreign Minister Wang Yi praised Islamabad's role in extending the U.S.-Iran ceasefire but urged further action to help reopen the Strait of Hormuz and restore regional peace, according to the report. Yang added that China will continue to support Pakistan's diplomatic push.Despite a truce extension brokered with Pakistani help, hostilities between the U.S. and Iran persist.Meanwhile, Pakistani Foreign Minister Ishaq Dar called for closer coordination to safeguard regional stability, Reuters wrote.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)