Written by Staff Writer from CNN Hong Kong
Jeffrey Kindler is a CNN business reporter based in Beijing.
A new year doesn’t always bring new hope. But that’s no excuse to pass up a chance to catch the incoming US president in the flesh — especially if it’s an intimate meeting with the notoriously private Chinese leader.
President Donald Trump and Chinese President Xi Jinping spent nearly three hours locked in talks Thursday on the sidelines of the World Economic Forum in Davos, Switzerland. It was their first interaction since Trump’s inauguration. They wrapped up at around 8:30 p.m. local time in Davos.
After the talks, China’s foreign ministry announced the two leaders had reached a deal to work together “to maintain stability in the Asia-Pacific” and continue cooperation to “push the development of a new type of major country relations.”
China has reacted to the first day of Trump’s visit to Davos by sharply raising expectations that the two men will deliver a “game-changing” outcome. A victory for Beijing would involve securing concessions on the US stance toward the export of American goods.
Beijing, by contrast, appears confident that Trump’s preoccupation with trade with China means Beijing has secured the upper hand.
CNN’s Jeff Kindler discusses President Trump’s Davos visit and his relationship with Chinese President Xi Jinping.
Can Beijing’s charm offensive extend over the long term? CNN’s Jeff Kindler reports.
Some senior Beijing-watchers see ties reaching a nadir with Trump. But that’s probably overstating things. For at least one key measure, China has been the clear winner so far.
That’s the impact Trump’s visit has had on Chinese government coffers. The headline-grabbing trip has provided the country with an unexpected boost as it battles a slowing economy.
Beijing is so confident in its potential to thrive in a more competitive global environment that it is looking at cutting its exports on the very day that the new US President proposed imposing a 20% tariff on some Chinese imports.
China expects that its trade surpluses with the US and EU will decline at the same time as those of the US, reports AFP.