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China ready to walk away from Xi-Trump summit amid erosion of US credibility, say analysts
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US President Donald Trump has suggested that the planned meeting between him and Chinese President Xi Jinping might not go ahead.
PHOTO: REUTERS
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- China may cancel the Xi-Trump summit if Washington acts in bad faith, showing shaky trust after prior trade truce efforts failed.
- Beijing retaliated with export curbs and probes, signalling displeasure over perceived US breaches of consensus to de-escalate tensions.
- Analysts see these moves as pressure tactics, anticipating potential rhetoric easing before the summit, but China won't alter its economic course.
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BEIJING – China is prepared to walk away from an expected summit between presidents Xi Jinping and Donald Trump to resolve trade differences if Washington continues to act in ways that indicate bad faith, Chinese analysts say.
The prospect of Mr Xi staying away from the summit underscores the fact that Washington’s credibility with Beijing is on shaky ground, after months of hard work to formalise a trade deal fell short of the finish line.
