Xie made the remarks in a virtual speech to a US-China Business Council event, according to a statement from the Chinese Embassy on Tuesday. He added that “the pressing priority is to follow up on the consensus reached between” Xi, Trump and their officials, “to reassure both our countries and the world economy with concrete actions and outcomes”.
Whether it comes to conflicts over tariffs, industry or technology, Xie warned that “all will lead to nothing but a dead end”.
On Tuesday, The Wall Street Journal reported that opposition from senior US officials convinced Trump to refrain from discussing next-generation artificial intelligence chips with Xi. The report, which cites current and former administration officials, said they argued that making the Blackwell chip available to China posed a national security issue.
The comments offer a reminder of the many ways that the one-year truce reached on Thursday in South Korea can come undone. It also shows that while Taiwan’s status didn’t come up in talks between Xi and Trump, it’s still very important to Beijing.
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China views Taiwan as lost territory that must be brought under its control someday — by force if necessary — a stance Taipei rejects. Last Friday, Defense Secretary Pete Hegseth voiced serious concerns in talks with Defence Minister Dong Jun about Beijing’s naval activity around Taiwan and the South China Sea.
Hegseth later said the two sides agreed to establish direct communication between their militaries to help avoid conflict.
The US and China have also pointedly disagreed in recent years about human rights issues in Hong Kong, Xinjiang and Tibet. US officials such as Treasury Secretary Scott Bessent have additionally called on China to rebalance its economy towards domestic consumption, a shift that could ease tensions over a large trade imbalance caused by the Asian nation’s exports.
See also: China demands Malaysia, Cambodia clarify trade deals with US
The discussions between the two leaders in Busan, South Korea, didn’t resolve Beijing’s push to gain access to the most advanced American semiconductors. Trump has said he and Xi talked about Nvidia Corp’s access to China in general and that the company would continue conversations with Beijing.
David Daokui Li, a regular policy adviser to Beijing, has said that Xi’s agreement with Trump was a breakthrough in the bilateral relationship because the Asian giant was now treated as an “equal partner” of the US.
Speaking to Bloomberg TV on Monday, Li described a sense of enthusiasm among his peers in Beijing following the leaders’ meeting.
Li, an economics professor at Tsinghua University and a former adviser to the Chinese central bank, expressed optimism that trade, financial and tech conflicts between the two sides were “small potatoes” that would be resolved.
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