The two governments agreed to a dialogue on what the White House now calls super intelligence, but chip export controls were absent from the summit's readouts.
G2 — Rival Hegemons
54 storiesA federal appeals court found the Defense Department had ample support for excluding the AI company from military work, a ruling the department celebrated publicly.
A three-day Washington summit produced reciprocal tariff relief, a channel for handling AI incidents and an extension of the trade truce, with the detail promised on Monday.
Taipei labelled Beijing a true disruptor of the status quo after Xi pressed Trump on the island, while the US ambassador to China said American policy is unchanged.
The White House fact sheet from the Xi summit creates a standing dialogue on what it now calls super intelligence, but semiconductor export controls were never on the table.
Beijing confirmed a reciprocal tariff reduction and a new dialogue on artificial intelligence as the Washington summit closed.
Treasury Secretary Scott Bessent and Finance Minister Satsuki Katayama held a call on the currency a day after Trump raised the weak yen directly with Japan's prime minister.
Beijing used the White House summit to ask for a change in US declaratory policy on Taiwan; Taiwan's foreign ministry called the account a distortion of facts.
Geely showed a battery charging from 10 to 70 percent in under five minutes on the same week that a bipartisan bill to bar Chinese vehicles from the United States was pushed toward a vote.
Treasury Secretary Scott Bessent announced a two-month extension of the Busan agreement as Xi Jinping arrived in Washington.
The US Treasury secretary says Washington is open to extending the China trade truce or striking a bigger deal.
The Chinese group used its Apsara conference to claim the country's most powerful chip and to set a data centre capacity goal stretching to 2032.
Analysts expect tariff relief at best from the Trump and Xi meeting, with no movement on semiconductor export controls or rare earths.
Regulators are using informal window guidance to hold back listings after Unitree's slide from its post-debut peak.
A narrow notification mechanism, not a broad accord, is emerging as the likeliest deliverable of this week's summit.
Washington has offered Beijing an emergency notification channel for artificial intelligence failures, and trade talks alongside it went further than expected.
Treasury and the US trade representative came out of New York talks with a proposed AI notification mechanism, a "Board of Trade" and the prospect of tariff cuts on non-critical goods.
Beijing left benchmark lending rates unchanged and eased its guard on the currency, which strengthened to its firmest level against the dollar since mid-2022.
The guest list for the White House dinner is drawn from the companies whose export licences are the substance of the meeting.
The People's Bank of China left the one-year loan prime rate at 3.0% and the five-year at 3.5%, matching consensus and extending the longest pause on record.
China's commerce ministry says it opposes measures aimed at third countries and reserves the right to respond.
Treasury and the trade representative meet He Lifeng in New York on Sunday, with AI, rare earths and the tariff truce on the agenda.
Manila says its resupply boat was struck inside its own exclusive economic zone; Beijing says the Philippine vessel caused the collision.
Industry bodies wrote to the president days before next week's meeting, warning that market access for Chinese vehicles could be traded away.
The two leaders hold their second face-to-face meeting of the year on 24 September, with agriculture and non-tariff barriers flagged for announcements.
The Ascend 960DT is now promised for the first quarter of 2027, three quarters earlier than planned.
The measure clears Congress 262 to 159 and authorises secondary tariffs on the largest buyers of Russian oil and gas.
The central bank governor told China's flagship party journal that slower loan growth is a structural adjustment, not a failure to be fixed with more lending.
Treasury and the US trade representative will host China's vice premier days before the two presidents meet in Washington, with tariffs, farm goods and AI risk all on the agenda.
Beijing can now block citizens from leaving the country over national security or technology export violations, under rules that reach private citizens and lower-level officials.
The designation targets Russia's second-largest bank for helping Iran evade sanctions and exposes institutions that keep dealing with it to secondary measures.
Factory output held up while retail sales barely grew and property investment fell close to a fifth, prompting Goldman Sachs to cut its growth forecast.
China's first official reply rejects pacing outright, even as its own security ministry lists six principal AI risks.
Xi Jinping used the summit's final day to propose a wider bloc, an open-source AI community and a larger role for emerging economies.
China has told Washington it will drop this month's leaders' meeting if new weapons sales to Taiwan are approved, putting the main channel for trade and technology bargaining at risk.
South Korea's industry minister returned from New York without a signature, but the first project under the tariff settlement is set to be announced this week.
The New Delhi text calls for WTO and IMF reform and expands local-currency settlement, while stopping short of a common currency.
The bloc's leaders urged maximum restraint in the Middle East while negotiators worked late to agree the text of a Delhi Declaration.
The Senate-passed bill reaches the House floor next week, with secondary measures aimed at third-country buyers the sharpest instrument in it.
A threat report from the AI company describes attempts to build missile guidance software, run propaganda networks and compile dossiers on dissidents.
Export controls meant to blunt China's AI build-out have made its domestic accelerators dearer rather than cheaper.
India is hosting a BRICS summit attended by both Vladimir Putin and Xi Jinping, while trying to steer the expanded bloc away from an explicitly anti-Western turn.
August passenger-car exports jumped 67.1% from a year earlier, and new-energy vehicles took a record share of domestic sales.
The Chinese president's first trip to India in seven years lands at a summit where payments, energy and the bloc's unity are all in question.
China's central bank released its plan for building a financial powerhouse and said overseas entities now hold more than 11 trillion yuan in Chinese assets.
The US government says Chinese companies are extracting proprietary capabilities from American models, and Beijing has rejected the claim ahead of planned Trump-Xi talks.
Export strength widened the trade surplus while an energy-led price rebound left domestic demand looking no stronger.
Treasury designated the country's last major carriers, exposing foreign firms that keep doing business with them.
A capital injection for eight large state lenders and insurers lands in the same week that export growth again carries the Chinese economy.
China is injecting fresh capital into eight state-owned financial institutions as a property downturn keeps eroding credit demand.
Dollar exports rose 25% year on year in August, powered by semiconductors and autos, while imports came in below forecast.
Beijing's finance ministry will issue special treasury bonds to inject capital into eight state-owned financial institutions, with the headline figure reported at $54 billion.
China announced a capital injection into eight state-owned banks and insurers, reported variously as 360 billion yuan, $54 billion and $45 billion.
The Ministry of Finance is leading a recapitalisation worth about 54 billion dollars across the country's largest state lenders and insurers.