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Five things Beijing wants from the Trump–Xi meeting
BUSAN, South Korea — Suspense is mounting ahead of Thursday’s meeting between U.S. President Donald Trumpand Chinese President Xi Jinping, as the leaders of the world’s two largest economies seek to defuse growing tensions and revive trade cooperation.
Trump, en route to South Korea for the final leg of his Asia tour, said he expected a “great meeting” with Xi and that “a lot of problems are going to be solved.” But analysts say Beijing’s priorities are more strategic and long-term, focusing on stability and respect rather than short-term concessions.
Here are five key objectives China is expected to pursue in Busan, according to experts quoted by CNBC’s The China Connection:
1. Stability
Beijing seeks predictability after years of on-and-off U.S. tariffs and sanctions. “The Chinese want a more stable, conducive trade environment,” said Zichen Wang of the Center for China and Globalization, adding that Beijing would welcome a “ceasefire” on tit-for-tat measures.
2. Tariff Reduction
Rolling back U.S. tariffs remains China’s top practical goal. Although Trump hinted at lowering duties linked to fentanyl-related goods, major tariffs—some as high as 100%—still loom. Business leaders in Shanghai say companies “need certainty” in tariff policy to plan ahead.
3. Tech Restrictions
China hopes Washington will ease limits on access to U.S. semiconductors and advanced technologies, including Nvidia’s AI chips. While Beijing invests heavily in homegrown innovation, it remains reliant on U.S. technology in the short term.
4. Trade with Other Countries
Beijing is wary of U.S. measures affecting its trade with third countries. China has tightened control over rare earth exports in response to U.S. semiconductor sanctions, while Washington has signed new agreements limiting cooperation with Chinese firms. Beijing wants assurances that its global supply chains won’t be blocked.
5. Mutual Respect
China insists that future talks must be based on “mutual respect” and “win-win cooperation,” particularly regarding Taiwan and the South China Sea. “The U.S. must see China’s development as reasonable,” said Dong Shaopeng of Renmin University.
Few expect a major breakthrough from Thursday’s meeting. But analysts say both leaders are likely to seek at least a symbolic step forward — perhaps a framework for future talks or minor trade concessions.