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Xi-Trump summit brings greater certainty to bilateral trade: spokeswoman

China

Xi-Trump summit brings greater certainty to bilateral trade: spokeswoman
China

China

Xi-Trump summit brings greater certainty to bilateral trade: spokeswoman

2026-09-29 19:28 Last Updated At:19:47

Chinese President Xi Jinping's historic visit to the United States has greatly boosted the confidence of business communities in both countries in deepening cooperation, a spokeswoman for the China Council for the Promotion of International Trade (CCPIT) said on Tuesday.

Xi's just-concluded state visit to the United States generated fresh momentum in bilateral relations across multiple fronts. Prior to the visit, Chinese and U.S. economic and trade teams concluded their latest round of consultations in New York. The two heads of state acknowledged the positive role of the bilateral economic and trade consultation mechanism, recognized the outcomes achieved by their respective teams, including a reciprocal tariff reduction deal valued at 30 billion U.S. dollars, and instructed that these agreements be fully implemented.

Speaking at a press conference in Beijing, Wang Wenshuai, the CCPIT spokeswoman, said that U.S. companies have shown strong interest in the upcoming 2026 APEC CEO Summit in Shenzhen in November, with the U.S. currently having the largest number of registered companies among all APEC economies.

Wang said this highlights the continued interest of the U.S. business community in Asia-Pacific economic cooperation and reflects the close links between China and the U.S. across industrial and supply chains. She stressed that business leaders from both countries have responded positively to the recent meeting between the two presidents.

"The business communities of both China and the United States widely believe that President Xi Jinping's historic visit to the United States and the important consensus reached by the two heads of state play an extremely important role in charting the course for business cooperation between the two countries, and have greatly boosted the confidence of the two business communities in deepening cooperation and pursuing mutual benefit and win-win outcomes," said the spokeswoman.

Xi-Trump summit brings greater certainty to bilateral trade: spokeswoman

Xi-Trump summit brings greater certainty to bilateral trade: spokeswoman

Chinese stocks closed higher on Tuesday, with the benchmark Shanghai Composite Index up 0.18 percent to 3,830.45 points.

The Shenzhen Component Index closed 0.34 percent higher at 12,901.95 points.

Turnover of stocks covered by these two indices totaled about 1.41 trillion yuan (around 209.16 billion U.S. dollars), down from 1.7 trillion yuan on the previous trading day.

Shares in the electronic components, batteries and real estate sectors led the gains, while those related to lab-grown diamonds, genetically modified organisms and corn were among the biggest decliners.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 0.09 percent on Tuesday to close at 3,142.56 points.

The STAR Composite Index, which reflects the performance of stocks on China's sci-tech innovation board, closed 0.69 percent higher at 1,848.72 points on Tuesday.

Chinese shares close higher Tuesday

Chinese shares close higher Tuesday

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