China mulls US manufacturing fund ahead of Xi-Trump summit, business leader says
China is considering establishing a fund to promote manufacturing investments in the US ahead of the upcoming Xi-Trump summit.
As the upcoming summit between Chinese President Xi Jinping and US President Donald Trump approaches, discussions have surfaced regarding potential manufacturing investments from China into the United States. According to the chair of the American Chamber of Commerce in China, while several positive outcomes are expected from the summit, a comprehensive agreement or 'grand bargain' is unlikely. Instead, the focus seems to be on incremental agreements that could foster goodwill between the two superpowers.
The proposition to create a fund aimed at facilitating Chinese investments in US manufacturing is seen as a strategic move that echoes previous initiatives aimed at encouraging investments from other Asian nations like Japan, Taiwan, and South Korea. This suggestion comes against a backdrop of ongoing tensions and negotiations between the nations, highlighting China's willingness to engage constructively while simultaneously seeking assurances and protections for its investors.
Ultimately, this initiative could signify a shift in how China approaches its economic relations with the US, reflecting a desire to solidify a cooperative stance rather than remain adversarial. As the summit draws closer, the focus will be on how both countries navigate their complex relationship, with manufacturing investments potentially becoming a cornerstone of future discussions.