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2 hours ago
Xi: 'US and China should be partners, not rivals'
Xi said he and Trump have kept China-US relations “generally stable”.
He added:
Today, president Trump and I had in-depth exchanges on China-US relations and the international and regional dynamics. We both believe that the China-US relationship is the most important bilateral relationship in the world. We must make it work and never mess it up.
Both China and the United States stand to gain from cooperation and lose from confrontation. Our two countries should be partners rather than rivals.
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US clears Nvidia chip sales to 10 Chinese firms as CEO looks for breakthrough
Lisa O’Carroll
The US has cleared about 10 Chinese firms to buy Nvidia’s second-most powerful chip in a move that could clear the way for the end of the standoff over tech rivalry.
China dominates the global supply of legacy chips, the older style chip used in everything from washing machines to smartphones, cars and medical devices.
But it lags behind on advanced chips, designed by the likes of Nvidia, used to drive artificial intelligence learning.
Earlier this year three people were charged in the US with trying to unlawfully divert cutting edge US AI tech to China, a sign of the frenzied demand to compete on AI.
The presence of Nvidia CEO Jensen Huang, who was not originally expected to join Donald Trump’s trip to China, has raised hopes that a tech deal could be still be rescued.
Nvidia dominates the AI chip market with Mizuho Securities estimating the company supply between 70% and 95% of the chips used for training by OpenAI’s GPT and others.
Ahead of the summit Trump said he would be asking Xi Jinping to “open up” China to allow their “brilliant people” to “work their magic”, code for permission to allow US trade companies enter the Chinese market.
Nvidia’s most advanced chips, widely used for training AI models, have faced tighter US restrictions on China sales over the last four years.
David Smith
Donald Trump, accustomed to eating McDonald’s, is being forced to expand his palate at tonight’s state banquet in Beijing.
The menu includes lobster in tomato soup, crispy beef ribs, Beijing roast duck, stewed seasonal vegetables, slow-cooked salmon in mustard sauce, pan-fried pork bun and trumpet shell-shaped pastry.
The dinner caps a first day of talks between Trump and Chinese leader Xi Jinping that appear to have gone smoothly but offered little by way of substance.
It is being held in a huge hall in the Great Hall of the People beneath giant chandeliers, blue and gold balconies and an orange backdrop with pagoda-style roofs saying ‘Welcoming banquet’ with US and China flags.
Xi toasted Trump by saying the relationship between China and the US is the most important in the world today and we “must make it work and never mess it up”. He added that the “rejuvenation of China” and “make America great again” can go hand in hand.
Then Trump delivered a flat speech with few of his usual digressions. He said he had invited Xi to visit the White House on 24 September. Toasting the enduring ties between the American and Chinese people, he described it as “very special relationship” – a phrase that might be painful to British ears.
But both of them are at risk of being upstaged by tech billionaire Elon Musk, who was repeatedly asked for photos by Chinese guests and responded by pulling funny faces. Asked by pool reporters about his talks with Xi, Musk replied: “It was awesome,” before secretary of state Marco Rubio led him away.
Bessent: 'Trump understands sensitivities around Taiwan issue'
US treasury secretary Scott Bessent said Donald Trump understands the sensitivities around the issue of Taiwan and will speak on the matter in the coming days.
The US president has not commented on Taiwan, the self governing island that Beijing considers its territory, nor was it mentioned in a White House statement of Trump’s meetings with Xi Jinping in Beijing today. The Chinese government, in its readout of the summit, said Xi warned Trump that the Taiwan issue could send relations down a “dangerous” path and even lead to conflict.
In an interview with CNBC, Bessent said: “President Trump understands the issues here and understands the sensitivities around all this, and anyone who has been saying otherwise does not understand the negotiating style of Donald Trump.”
Trump invites Xi to Washington in September
Trump raises a glass to Xi, as he concludes his speech with an invitation to the White House on 24 September.
Giving more examples of how close the US and China have grown over the years, Trump said Chinese people “now love basketball and blue jeans”.
He also claimed Chinese restaurants in the US today “outnumber the five largest fast food chains in the United States all combined. That’s a pretty big statement”.
Trump said the US and China have “from the beginning … shared a deep sense of mutual respect”, giving the example of Benjamin Franklin publishing the sayings of Confucius in his colonial newspaper.
Trump says talks with Xi 'extremely positive and productive'
Donald Trump is now addressing the state dinner. The US president hailed a “fantastic day” and thanked Xi Jinping for “a magnificent welcome like none other”.
He added:
We had extremely positive and productive conversations and meetings today with the Chinese delegation earlier, and this evening is another cherished opportunity to discuss among friends some of the things that we discussed today.
Xi ended his speech with “ganbei” – the Chinese equivalent of “cheers” – and raising his glass to Trump.
Xi: 'US and China should be partners, not rivals'
Xi said he and Trump have kept China-US relations “generally stable”.
He added:
Today, president Trump and I had in-depth exchanges on China-US relations and the international and regional dynamics. We both believe that the China-US relationship is the most important bilateral relationship in the world. We must make it work and never mess it up.
Both China and the United States stand to gain from cooperation and lose from confrontation. Our two countries should be partners rather than rivals.
Xi compares his rejuvenation efforts in China with Trump's Maga movement
Xi hailed a “historic visit” as he extended a warm welcome to Trump and other guests.
He said:
The people of China and the United States are both great peoples, achieving the great rejuvenation of the Chinese nation and making America great again can go hand in hand.
We can help each other succeed and advance the wellbeing of the whole world.
Trump and Xi have arrived at the state banquet, where they are seated next to each other.
Xi is now delivering a speech, follow along for more.
Looks like the tech leaders accompanying Trump on his China trip and some other US officials have arrived early for the banquet dinner in the Great Hall of the People.
Donald Trump has arrived at the state banquet in Beijing where more pageantry awaits.
Taiwan said it would “maintain close communication” with the US and that Donald Trump’s meeting with Xi Jinping contained “no surprises”.
Xi warned Trump that the issue of Taiwan, which Beijing views as its own territory, could lead to conflict and “an extremely dangerous situation”, according to a readout of their meeting by the Chinese foreign ministry.
Taiwan’s mainland affairs council deputy head and spokesperson Liang Wen-chieh brushed off those comments, saying the self-governing island is almost always discussed in meetings between the US and China.
“So at this point, all we can say is that there has been no surprising information so far and we will continue to maintain close communication with the American side,” he said, adding that comments about conflict had been made before.
Putin visit to China will 'take place soon', Kremlin says
Russian president Vladimir Putin will visit China very soon and preparations for the trip are already complete, Kremlin spokesperson Dmitry Peskov said.
Putin and Xi Jinping have met more than 40 times over the years, most recently in Beijing last September.
The two men signed a “no limits” strategic partnership in February 2022, less than three weeks before Russia went to war in Ukraine.
Here are some of the latest images on the wires coming out of the Trump-Xi summit
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