Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer will reportedly meet with China’s Vice Premier He Lifeng in Paris next week to discuss preparations for President Donald Trump’s visit to China later this month. The talks signal that summit planning remains on track.
China has seen several high-level personnel changes at the central and provincial levels over the past few months, with more expected around the local and national Two Sessions conferences early next year.
USCBC interviews Alan MacCharles, head of the Executive Education program at Duke Kunshan University, on the benefits, challenges, and future of joint ventures in China.
The House passed a compromise version of the National Defense Authorization Act for 2026 on Wednesday, with the Senate set to consider the legislation early next week. The bill, which had been delayed by last-minute negotiations that covered China issues, is considered the only must-pass legislation for Congress before the end of the year. The White House on Monday confirmed that President Donald Trump will sign the bill if it reaches his desk.
The United States and China continue to uphold their truce. Treasury Secretary Scott Bessent said on Wednesday that China is poised to keep “every part of the deal,” and US Trade Representative Jamieson Greer further assured on Thursday that the United States is “prioritizing stability” in the bilateral relationship.
This week, the United States and China continued to take action on commitments made during the leaders’ meeting in October.
The United States and China are both taking concrete steps to implement the stability measures discussed by President Donald Trump and President Xi Jinping in South Korea last month.
The White House on Saturday published a fact sheet outlining the main components of the consensus reached between Presidents Donald Trump and Xi Jinping in South Korea last week. The document reaffirms commitments reported after the leaders’ meeting.
The United States and China have pulled back from a full-blown export control crisis after a presidential summit on the sidelines of the Asia-Pacific Economic Cooperation summit last month. According to both sides’ readouts, they agreed to a one-year, reciprocal truce: the United States will suspend its “50% Rule,” which extended export restrictions to over 20,000 Chinese entities, and in exchange, China will suspend the rare earth element (REE) export control measures announced by the Ministry of Commerce (MOFCOM) on October 9.
Last month, the Chinese Communist Party’s 20th Central Committee concluded its fourth plenary session, during which it adopted the Central Committee’s proposal for formulating the 15th five-year plan covering 2026 to 2030. Beijing has acknowledged a growing pressure to maintain social stability and advance reforms amid more volatile geopolitical conditions. As such, the proposal points to an enhanced role for indigenous innovation, industrial upgrading, and domestic consumption as key drivers of secure and sustainable growth.
Presidents Donald Trump and Xi Jinping on Thursday met in South Korea for their first in-person engagement of Trump’s second term. Trump called it a “truly great” meeting and emphasized the “enormous respect” between the United States and China. He fashioned the commitments made during the meeting as a one-year deal that the countries will re-negotiate annually.
