Treasury Secretary Scott Bessent has proposed an AI notification mechanism after weekend meetings with Chinese officials, presenting it as a way for the United States and China to develop a shared vision around common goals and threats. China has not endorsed the idea, and analysts describe it as an informal communication plan rather than a direct hotline or broader agreement to regulate frontier models. The summit continues through Friday, with discussions also covering trade, the war in Iran and other issues. Bessent pointed to face-to-face USA-China AI dialogues planned for November in Shenzhen, while analysts said a communication channel would represent a limited but potentially useful first step. Jeffries said any short-term market impact should be limited because the proposal concerns disclosure rather than restraint.