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US, China Chart Course for 'Managed Stability' Following Beijing Summit

Presidents Trump and Xi agreed Thursday to build a constructive relationship focused on strategic stability. This marks a significant shift in bilateral ties after years of friction over trade, technology, and intellectual property. The framework emphasizes cooperation and measured competition with manageable differences, according to Beijing's statements. Chinese officials said the positioning will guide relations for the next three years and beyond, contingent on translating commitments into concrete actions. Trade envoys from both nations reached overall balanced and positive outcomes at preparatory talks in South Korea on Wednesday, with Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng representing their respective sides. Beijing signaled openness to expanded commercial engagement and expressed interest in purchasing additional U.S. crude oil to diversify energy sources away from Middle Eastern suppliers. Xi identified Taiwan as the most critical bilateral issue.