While US President Donald Trump concluded his three-day state visit to Beijing by hailing \u201cfantastic trade deals\u201d, an immediate lack of specifics left some investors wondering if the high-stakes meeting delivered more theatre than substance.<\/p>\n
China\u2019s benchmark CSI 300 Index dropped 1.1 per cent on Friday for a second straight day of declines, with investors taking profits from a record-setting rally<\/a> in tech stocks after Trump wrapped up his tour. For the week, the gauge slipped 0.3 per cent.The tech-heavy Star Market 50 index and the ChiNext 50 gauge also headed south on the day after rising to records earlier in the week<\/a> on optimism surrounding the potential easing of US export curbs on cutting-edge technologies.<\/p>\n \u201cThis has been an incredible visit. I think a lot of, a lot of good has come of it. We\u2019ve made some fantastic trade deals, great for both countries,\u201d Trump said on Friday following a second day of meetings with his counterpart, President Xi Jinping, before flying back to the United States.<\/p>\n So far, no official announcement of such deals has been made, aside from piecemeal details shared by Trump and his administration during media interviews over the past two days.<\/p>\n That includes suggestions that China could purchase as many as 200 Boeing jets and \u201cdouble-digit billions\u201d worth of American agricultural products annually over the next three years, as well as Beijing\u2019s interest in buying US oil.<\/p>\n This summit feels less like a peace treaty and more like engineers reinforcing a suspension bridge during a stormStephen Innes, SPI Asset Management<\/p>\n","protected":false},"excerpt":{"rendered":"While US President Donald Trump concluded his three-day state visit to Beijing by hailing \u201cfantastic trade deals\u201d, an…\n","protected":false},"author":2,"featured_media":644679,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[278232,550,16794,28,144,12,11320,801,34381,4666,210369,21,102851,1350,6132,278231],"class_list":["post-644678","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-american-agricultural-products","tag-beijing","tag-boeing","tag-business","tag-china","tag-donald-trump","tag-fox-news","tag-iran","tag-jamieson-greer","tag-scott-bessent","tag-strait-of-hormuz","tag-united-states","tag-us-trade-representative","tag-visa","tag-xi-jinping","tag-zhongnanhai"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/644678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=644678"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/644678\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/644679"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=644678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=644678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=644678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}