Berliner Boersenzeitung - Beijingers eye Xi-Trump summit for trade relief, stable ties

EUR -
AED 4.179351
AFN 72.832566
ALL 91.792114
AMD 414.412929
ANG 2.037458
AOA 1044.695109
ARS 1735.184471
AUD 1.623101
AWG 2.048422
AZN 1.937298
BAM 1.953504
BBD 2.292905
BDT 140.085354
BGN 1.915777
BHD 0.429196
BIF 3428.869951
BMD 1.138012
BND 1.45449
BOB 13.951602
BRL 5.90412
BSD 1.138362
BTN 109.014872
BWP 15.50178
BYN 3.439557
BYR 22305.04424
BZD 2.289609
CAD 1.609798
CDF 2662.949461
CHF 0.941717
CLF 0.027719
CLP 1094.505754
CNY 7.639762
CNH 7.650221
COP 3810.621267
CRC 517.59166
CUC 1.138012
CUP 27.321888
CVE 110.135555
CZK 24.382488
DJF 202.721735
DKK 7.475883
DOP 67.70043
DZD 152.676555
EGP 59.004768
ERN 17.070187
ETB 184.678942
FJD 2.557398
FKP 0.859113
GBP 0.860501
GEL 2.975895
GGP 0.859113
GHS 13.222459
GIP 0.859113
GMD 83.645236
GNF 10012.232335
GTQ 8.693782
GYD 238.190048
HKD 8.92649
HNL 30.555088
HRK 7.526587
HTG 148.984894
HUF 365.481809
IDR 20386.469032
ILS 3.46873
IMP 0.859113
INR 109.041511
IQD 1491.347177
IRR 1564283.479305
ISK 136.857421
JEP 0.859113
JMD 180.108314
JOD 0.806872
JPY 178.946199
KES 147.536596
KGS 99.517144
KHR 4629.558747
KMF 492.759151
KPW 1024.211577
KRW 1541.142061
KWD 0.351236
KYD 0.948685
KZT 504.317261
LAK 25534.987994
LBP 101944.781368
LKR 375.87822
LRD 195.809859
LSL 18.57357
LTL 3.360255
LVL 0.688372
LYD 7.278445
MAD 10.92446
MDL 20.20725
MGA 5026.092689
MKD 61.502714
MMK 2389.100276
MNT 4092.479631
MOP 9.19759
MRU 45.798172
MUR 54.08996
MVR 17.582532
MWK 1973.979925
MXN 20.186631
MYR 4.636373
MZN 72.730692
NAD 18.57357
NGN 1509.437156
NIO 41.890765
NOK 10.873447
NPR 174.423994
NZD 2.011174
OMR 0.438784
PAB 1.138362
PEN 3.864658
PGK 5.072039
PHP 70.951664
PKR 315.453938
PLN 4.372454
PYG 6710.113411
QAR 4.149623
RON 5.268091
RSD 117.31212
RUB 96.099786
RWF 1682.522483
SAR 4.274276
SBD 9.104682
SCR 15.776305
SDG 684.514915
SEK 11.292617
SGD 1.454101
SHP 0.859202
SLE 28.051956
SLL 23863.543066
SOS 650.63529
SRD 42.866086
STD 23554.56031
STN 24.471238
SVC 9.961292
SYP 14796.43831
SZL 18.569175
THB 37.981121
TJS 10.501857
TMT 3.994424
TND 3.370139
TOP 2.740061
TRY 55.737
TTD 7.7429
TWD 36.107655
TZS 3021.348922
UAH 50.976985
UGX 4458.759492
USD 1.138012
UYU 45.606397
UZS 13473.164602
VES 970.077613
VND 29561.011693
VUV 134.727301
WST 3.124667
XAF 655.957
XAG 0.0177
XAU 0.000265551997
XCD 3.075536
XCG 2.051689
XDR 0.804634
XOF 655.957
XPF 119.331742
YER 269.311003
ZAR 18.547247
ZMK 10243.467756
ZMW 22.2069
ZWL 366.439548
SSP 6501.00077
MXV 2.287587
  • BCC

    1.0400

    77.14

    +1.35%

  • GSK

    -0.4100

    49.24

    -0.83%

  • RIO

    0.0900

    94.56

    +0.1%

  • RBGPF

    -0.5900

    65.4

    -0.9%

  • BTI

    -0.3900

    55.63

    -0.7%

  • BCE

    -0.3300

    20.97

    -1.57%

  • CMSC

    -0.1100

    20.4

    -0.54%

  • NGG

    0.2600

    75.49

    +0.34%

  • CMSD

    -0.0700

    20.3

    -0.34%

  • AZN

    2.0200

    166.58

    +1.21%

  • RYCEF

    -0.3600

    19.31

    -1.86%

  • VOD

    0.1300

    16.62

    +0.78%

  • JRI

    -0.1500

    11.02

    -1.36%

  • BP

    -0.2600

    44.15

    -0.59%

  • RELX

    0.0100

    33.52

    +0.03%

Beijingers eye Xi-Trump summit for trade relief, stable ties
Beijingers eye Xi-Trump summit for trade relief, stable ties / Photo: Brendan SMIALOWSKI - AFP

Beijingers eye Xi-Trump summit for trade relief, stable ties

Residents in China's capital hope President Xi Jinping's high-stakes meeting with US counterpart Donald Trump in Washington will stabilise ties between the two countries, telling AFP on Thursday a trade war "hurts everyone".

Text size:

Xi was greeted in Washington on Wednesday evening local time by Trump, kicking off a pomp-filled state visit where the two leaders are expected to discuss everything from AI and trade to Iran.

In Beijing, a 59-year-old resident surnamed Huang called it a "very important" visit which would be critical in shaping the relationship between the two global superpowers.

"As an ordinary citizen, I naturally hope that China-US relations can achieve long-term, stable, and mutually beneficial development," Huang told AFP in central Beijing on an overcast Thursday morning.

"I also hope that through President Xi's visit to the US and friendly, harmonious, and goodwill communication with President Trump, we can develop bilateral relations," he added.

Beijingers AFP spoke to were hopeful Xi's meeting with Trump would ease trade pressures, which came to a head with a blistering tariff war in 2025, before a fragile truce was reached in October.

Though analysts expect the summit to be more about spectacle than substance, there was an early breakthrough on Wednesday, when Washington announced a two-month extension of the trade truce that was due to expire in November.

Finance worker Lu Hao said he was watching for any economic agreements following the talks, recounting how "distressed" he and his clients were during the trade war.

"I really hope this visit sends out positive signals and brings more good news to global stock markets," 27-year-old Lu told AFP.

"Because at the beginning (of the trade war), our stock market took the brunt of the impact right from the start," he said.

"It became clear that a trade war is a lose-lose situation."

Lucy Lu, who works in the foreign trade services industry, told AFP that it "hurts everyone" when major powers clash.

"For export businesses, certain goods have become really hard to ship out" as a result of higher tariffs, said the 43-year-old.

"I really hope countries can maintain a friendly approach to tariffs."

- 'Toe-to-toe' -

Artificial intelligence is also likely to come up in the talks, as both countries strive for dominance in technology and robotics, while also mitigating growing fears that AI could wipeout humanity.

"In terms of AI... China now has the strength to go toe-to-toe with the US," Lucy Lu told AFP.

Competition may still "outweigh agreements", because at the end of the day, she said, "whichever country gains the upper hand in the field of AI down the road" will likelycome out stronger.

However, AI competition "should be a healthy and rational one, rather than a malicious one", Huang told AFP.

He expects Xi to stand firm on hot topics like Taiwan, the self-ruled island that Beijing claims as its territory and has threatened to seize by force.

Taiwan has ramped up its defence spending in recent years, but remains reliant on US security support to deter Beijing.

"Our government has its bottom line. I hope the United States will respect China's bottom line and its sense of historical identity," Huang added.

He and the other Beijingers said they hoped Xi's visit to the United States could bring more peace and stability to the world already fractured by war.

"If US-China relations are good, it will benefit the entire global landscape," Lucy Lu said.

"I just hope the world becomes more peaceful."

(K.Lüdke--BBZ)