Beijing: Economic ties between China and the United States are mutually beneficial and win-win in nature, Chinese President Xi Jinping told US President Donald Trump during their talks, according to the Chinese official news agency Xinhua.
“Yesterday, our economic and trade teams produced generally balanced and positive outcomes. This is good news for the people of the two countries and the world,” Xi said.
The Chinese president said facts have shown time and again there are no winners in trade wars, calling on both sides to jointly sustain the good momentum they have worked hard to build, Xinhua reported.
“Where disagreements and frictions exist, equal-footed consultation is the only right choice,” he said.
Trump concludes tour of Temple of Heaven
Trump was expected to return to his hotel before he returned to the Great Hall of the People to attend a state banquet in his honour.
Asian shares mixed, and Chinese stocks trade lower
Asian shares were mixed Thursday as investors closely monitored takeaways from US President Donald Trump’s summit with Chinese leader Xi Jinping in Beijing.
The Shanghai Composite index lost 1% to 4,199.19. Hong Kong’s Hang Seng gained 0.3% to 26,478.99. Markets in Japan and South Korea were higher, with Tokyo’s Nikkei 225 up 0.2% and Seoul’s Kospi gaining 1%.
Investors are watching for progress on the Iran war and US-China trade relations from the Xi-Trump summit, as well as possible trade deals on areas such as soybeans, aeroplanes, and chips.
Trump declines to say if he and Xi discussed Taiwan
Trump said, “great,” when reporters asked how the talks with Xi went. But that’s about all he said.
Follow-up questions about whether they discussed Taiwan were asked.
Trump didn’t answer as he posed alongside Xi for photos after they arrived at the Temple of Heaven.
