Trump’s China visit likely won’t yield breakthrough, aims to maintain stability

BEIJING/WASHINGTON — A summit between U.S. President Donald Trump and China’s Xi Jinping this month is unlikely to create room for even a limited reset of business and investment ties, five people briefed on preparations said. American business leaders at this stage have not secured the CEO delegation some had sought. On the other side, there is no indication Beijing is on track for the investment protections it has sought on behalf of Chinese companies. Washington and Beijing are looking to maintain the stability that has characterised relations between the world’s two largest economies since late last year after a bruising period marked by Trump’s tariffs and China’s chokehold on rare earths exports. But some U.S. companies had also held out hope Trump’s visit could go further than a green light for the deals on Chinese purchases of soybeans and Boeing aircraft, already under consideration. ‘Ever-shrinking state visit’ Overshadowing the summit — the first Trump-Xi meeting since they agreed on the trade truce in October — has been Chinese frustration with the Trump administra

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