Trump meets Xi; The new vision of building a constructive China-U.S. relationship of strategic stability; AI

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The first day of President Trump’s visit to Beijing had impressive optics and lots of warm, positive energy, at least in the public reporting. Specific, concrete deliverables are so far few, but we may learn more after Trump’s visit concludes after lunch Friday. President Trump did say that Boeing would get orders for 200 planes, significantly below expectations, with no further details or confirmation from the Chinese side. At the dinner banquet, he invited Xi and Peng Liyuan for a state visit in September.So far the most important news from the Thursday meeting, from what we can see publicly, is that the US and China have agreed to “build a constructive China-US relationship of strategic stability as the new positioning for China-U.S. relations…[that] will provide strategic guidance for China-U.S. relations over the next three years and beyond”, at least according to Xi’s opening statement at the meeting with Trump:Xi stressed that China is committed to the stable, healthy, and sustainable development of China-U.S. relations. President Trump and I agreed to build a constructive China-US relationship of strategic stability as the new positioning for China-U.S. relations. This will provide strategic guidance for China-U.S. relations over the next three years and beyond, and will, I believe, be welcomed by the two peoples and the international community. “Constructive strategic stability” should be positive stability with cooperation as the mainstay, a sound stability with moderate competition, a constant stability with manageable differences, and an enduring stability with …