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Five things to watch in Asia as Trump prepares to meet China’s Xi this week

1d ago · May 12, 2026 · 4 min read

Trump to Meet Xi in Beijing This Week as U.S.-China Summit Agenda Takes Shape

Why It Matters

The first presidential summit between Donald Trump and Chinese President Xi Jinping on Chinese soil in nearly a decade carries significant consequences for trade, regional security, and the ongoing Iran conflict. The outcome of the Beijing meeting will be closely watched by governments across Asia, particularly as the U.S. navigates parallel tensions involving Taiwan, energy markets, and technology exports.

What Happened

Trump is scheduled to arrive in Beijing on Wednesday evening ahead of a two-day summit with Xi on Thursday and Friday. The agenda includes a formal bilateral meeting, a tour of the historic Temple of Heaven, and a state banquet, followed by a working lunch before the president departs.

Preparatory diplomatic activity is already underway. Treasury Secretary Scott Bessent traveled to Japan on Monday to meet with Prime Minister Sanae Takaichi, whose government has been at odds with Beijing over her public statements suggesting Tokyo would defend Taiwan if China moved against it militarily. Takaichi has not walked back those remarks despite pressure from Beijing. During her Washington visit in March, she and Trump jointly affirmed a commitment to peace and stability in the Taiwan Strait.

On the trade front, Chinese Vice Premier He Lifeng is leading a delegation to Seoul this week for preliminary talks with U.S. counterparts. Bessent is expected to hold a separate discussion with He Lifeng on Wednesday before proceeding to Beijing. China’s Commerce Ministry confirmed the Seoul meetings, which are intended to set the stage for broader economic discussions at the summit.

Trump confirmed Monday that arms sales to Taiwan are on the summit agenda — a sensitive topic that Beijing has historically objected to in the strongest terms. Japan is monitoring the official wording that emerges from the summit regarding Taiwan policy, given its own security exposure in the region. As reported ahead of the meeting, Taiwan arms sales and the case of jailed Hong Kong activist Jimmy Lai are among the items Trump has signaled he will raise with Xi.

By the Numbers

75% — the share of Japan’s oil imports that come from the Middle East, making the Iran conflict a direct economic concern for Tokyo and a key topic for Bessent’s visit.

2015 — the last year Xi Jinping made a formal state visit to the United States, during the Obama administration.

12+ — the number of world leaders who have visited Beijing in the first five months of 2026, underscoring China’s expanding diplomatic engagement.

December — the anticipated timing of a potential Xi visit to the U.S. for the G20 summit in Florida, which would be a significant diplomatic milestone.

More than a dozen U.S. corporate executives, including Tesla CEO Elon Musk, Apple CEO Tim Cook, and Boeing CEO Kelly Ortberg, have been invited to accompany Trump on the Beijing trip.

Zoom Out

The summit arrives as Beijing has become a hub of high-level global diplomacy. Iran’s foreign minister visited Beijing last week — the first such trip since the outbreak of the Iran war — and Russian President Vladimir Putin is expected to arrive in the Chinese capital as soon as May 18. Analysts view China’s dense diplomatic calendar as a reflection of its growing role as a geopolitical mediator.

Nomura’s chief China economist cautioned that expectations for structural breakthroughs should be tempered. “The summit will be more about avoiding an unnecessary escalation of tensions and managing risks than building up structural mechanisms,” he wrote in a note Monday, identifying the Iran-Hormuz crisis as the most pressing item on the agenda.

On trade, economists forecast that Chinese purchases of U.S. goods — including Boeing aircraft, soybeans, and beef — will likely rise modestly from current levels, though not to historic highs. The ceiling on such deals is partly set by how far Washington is willing to go on technology export restrictions, a politically sensitive issue domestically.

What’s Next

Following this week’s Beijing summit, attention will shift to whether Xi commits to a formal U.S. visit later in 2026. The prospect of a Xi state visit — his first since 2015 — was discussed at last fall’s summit and could be formalized as a deliverable from the Beijing meeting. Trump is also expected to attend an Asia-Pacific Economic Cooperation summit in Shenzhen in November, offering another potential venue for the two leaders to meet. Renmin University professor Cui Shoujun noted that this week’s session is best understood as “just a start of more discussions” on the broader trajectory of U.S.-China relations.

Last updated: May 13, 2026 at 2:05 PM GMT+0000 · Sources available
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