- A body involving the Board of Trade and Board of Investment was established on May 26, 2026, to manage dialogue between two economies and reduce the trade deficit with China.
- A meeting was held on July 1, 2026, involving the US-China Board of Trade and Board of Investment to establish strategic stability and handle future trade issues.
- An expected meeting between Xi Jinping and Donald Trump regarding the US-China Board of Investment.
- Chinese corporate leaders, including Xiaomi and Bank of China, may join Xi Jinping on a potential US visit.
US Treasury and China Vice Premier Discuss Corporate Delegation for US Visit
- Reports
- 54
- Developments
- 2
- Repetition
- 96%
New informationRepeats or wire copies
What happened
Scott Bessent and He Lifeng met to discuss a group of Chinese business leaders who may join President Xi Jinping on a visit to Washington. Companies under consideration for the delegation include Hisense and Bank of China. The meeting precedes a summit between Donald Trump and Xi Jinping scheduled for September 24.
From moneycontrol.com, yahoo.com
Why it matters
The selection of this business delegation is viewed as a way for Chinese companies, some facing US regulatory scrutiny, to seek greater market access in the United States. The talks between Scott Bessent and He Lifeng are part of broader efforts to maintain stability within the existing tariff truce between the two economies.
Chinese corporate leaders, including Xiaomi and Bank of China, may join President Xi Jinping on a potential US visit, ahead of an expected meeting between Xi Jinping and Donald Trump regarding the US-China Board of Investment.
From moneycontrol.com, yahoo.com
Who's involved
- Scott BessentUnited States Secretary of the Treasury, leading talks on trade and economic stability.
- He LifengVice Premier of China, participating in high-level bilateral talks with US officials.
- Bank of ChinaState-owned bank under consideration for the high-level US delegation.
- HisenseChinese electronics manufacturer under consideration for the high-level US delegation.
- Donald TrumpPresident of the United States, scheduled to meet with Xi Jinping.
- Xi JinpingChinese leader whose upcoming visit is the subject of the delegation planning.
How it developed
Newest first. Tap a step to see who reported it.Keep exploring
The entities involved
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Scott Bessent
United States Secretary of the Treasury
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He Lifeng
Vice Premier of the People's Republic of China
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Bank of China
state-owned bank in China
Nothing else this week.
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Hisense
Chinese multinational white goods and electronics manufacturer
Nothing else this week.
Related events
- He Lifeng and Scott Bessent are meeting with Donald Trump to prepare for a bilateral summit and discuss economic outcomes.
- Xi Jinping is scheduled to meet in Beijing as Beijing and Washington spar over trade, while Bessent and Greer meet with Chinese officials.
- High-level talks were held in Manhattan between Scott Bessent and He Lifeng to discuss AI security risks and establish a bilateral framework between the US and China.
Coverage
Newest first; wire copies grouped51 more outlets ran the same wire story
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