Obama, Xi meeting aims to soothe tensions

U.S. businesses and top White House officials are urging U.S. and Chinese leaders to tackle their major differences and soothe growing tensions between the world’s two largest economies during a summit this week. President Obama and China’s President Xi Jinping will meet Friday at the White House, where the leaders will aim to make progress on a wide variety of issues including cybersecurity, climate and a mix of trade and economic concerns. John Frisbie, president of the U.S.-China Business Council, said that from the business community's perspective, the timing of the visit is perfect. “The most important thing Xi can do during his visit to the United States is address this uncertainty,” he wrote in the China Business Review on Monday.