China has confirmed talks about a possible meeting between Xi Jinping, Donald Trump, and Vladimir Putin at the APEC summit in Shenzhen this month. Chinese foreign ministry spokesperson Mao Ning said that Beijing is in touch with the relevant parties about the meeting. If it happens, it would be a historic gathering of the three leaders.
Key Details
Experts warn that the meeting may not lead to significant results due to the different interests of the three nations. Sun Yun, director of the Stimson Centre’s China program, said, "I think it will happen. The question is the format and the content." He noted that while China wants to show a positive image, it is cautious about the costs of such a high-profile meeting.
Background
The APEC summit includes 21 member economies and will offer a platform for the leaders to meet. Trump is expected to meet Xi for the third time this year as they deal with a fragile trade truce that ends in January. During a recent video call, U.S. Trade Representative Jamieson Greer urged China to take clear actions to meet its past commitments on agricultural purchases and critical minerals. Meanwhile, Chinese news agency Xinhua reported that both sides had constructive talks, but Beijing raised concerns about U.S. trade measures.
Related coverage: Trump’s Actions Toward Putin Strain US-Europe Relations.
The possible meeting could affect market sentiment, especially in sectors sensitive to U.S.-China trade relations. Investors will be looking for signs of progress in trade talks or further tensions that could affect tariffs and trade flows.
Watch for updates on the APEC summit outcomes and any announcements about trade commitments from both sides.
Based on reporting by: independent.co.uk, moneycontrol.com