Xi-Biden summit lays groundwork, but ‘significant challenges’ remain in trade talks

Trade talks between China and the United States have been fast-tracked after a virtual meeting between presidents Xi Jinping and Joe Biden, but finding common ground for future negotiations is still far from assured, according to analysts.

While both sides appeared to put aside recent acrimony to address bilateral economic issues, Chinese analysts still question what is behind the US’ “strategic competition” and how far negotiations will progress amid anti-China rhetoric on Capitol Hill and accusations that China is a “non-market economy”.