Institutes for In上海419论坛品茶微信ternational Studies, said the Xi-Trump meeting will undoubtedly be in the spotlight during the G20 Summit.
Chen said that long-lasting trade friction has led to downside risk for the Chinese economy, and a negative impact also looms over the US economy.
The International Monetary Fund warned earlier this month that US-China tariffs tha
t have been implemented or proposed could cut global economic output by 0.5 percent, or $455 billion, in 2020.
The Xi-Trump meeting will help ease tensions between Beijing and Washington in trade disputes, Zhou said. “You can
‘t expect the meeting to resolve the trade issue, but it will inject impetus into trade talks,” he added.
Stephen Roach, a faculty member at Yale University and a former chairman of Morgan Stanley Asia, said in the Preview Policy
Report for the G20 Osaka Summit that resolution is possible, but it won’t be easy in the current climate.