US-China summit to focus on AI, tariffs and yuan as markets weigh outcome

  • Donald Trump and Xi Jinping are set to discuss AI, trade and currency issues at next week’s summit.
  • 46% of offshore investors and 38% of onshore investors expect Chinese stocks to rise afterward.
  • The yuan has strengthened around 4% against the dollar this year, leading Asia’s major currencies.

Artificial intelligence, trade and the yuan are expected to dominate next week’s summit between US President Donald Trump and Xi Jinping, with investors watching for concessions or guardrails around competition. A Goldman Sachs Group Inc. survey found that 46% of offshore investors and 38% of onshore investors expect Chinese stocks to rise after the meeting, while overseas exchange-traded fund flows and options positioning indicate continued caution, according to JPMorgan Chase & Co. strategist Tony Lee. AI-related disputes include access to advanced US chips, safety standards and restrictions on Chinese model developers. The talks may also address an expiring one-year tariff truce, potential purchases of US agricultural products, Chinese rare-earth export restrictions and the yuan’s value. The yuan has strengthened around 4% against the dollar this year, but analysts say Beijing is unlikely to accept significant appreciation because of its reliance on exports.

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US-China summit to focus on AI, tariffs and yuan as markets weigh outcome - CoinPost Terminal