Chinese President Xi Jinping said on the 30th that there is strong potential for cooperation with the United States in areas including illegal immigration, telecom fraud, money laundering, artificial intelligence (AI), and responses to infectious diseases. He also urged that the earlier Malaysia trade agreement be made to deliver tangible results.

Donald Trump (left), President of the United States, and Xi Jinping, President of China, are leaving the meeting room at Naraemaru on the 30th after finishing the U.S.-China summit and are talking as they exit. /Courtesy of Yonhap News

Xi entered through Gimhae International Airport on this day to attend the Asia-Pacific Economic Cooperation (APEC) summit and held a summit meeting with U.S. President Donald Trump for about 100 minutes from 11 a.m. (Korea time) in the Air Force reception room inside the airport.

According to China's state-run Xinhua News Agency, Xi cited illegal immigration, telecom fraud, money laundering, artificial intelligence (AI), and responses to infectious diseases in the talks, saying, "The outlook for cooperation with the United States in these areas is bright. We should strengthen dialogue and exchanges and carry out mutually beneficial cooperation."

Regarding the two countries' trade negotiations, Xi said, "The two countries' economic and trade teams exchanged views in depth and formed a consensus on resolving issues," adding, "Both teams should expedite follow-up work to make it concrete and finalized, and should keep and implement the consensus well. With tangible results, we should provide 'substance' to the Chinese-U.S. economies and the world economy."

He added, "The economy and trade should be the ballast and propeller of China-U.S. relations, not an obstacle. We should look more to the long-term interests and avoid falling into a vicious cycle of mutual retaliation."

Xi said, "Dialogue is better than confrontation. China and the United States should maintain communication through all channels and at all levels to enhance mutual understanding," adding, "Next year China will serve as APEC chair, and the United States will host the Group of 20 (G20) summit. The two sides should support each other so that both summits achieve positive results."

Earlier, President Trump held a brief news conference aboard his plane returning home and announced the results of the talks. According to foreign media reports, in exchange for securing China's cooperation to curb fentanyl, the United States will lower the "fentanyl tariff" to 10% from the current 20%. China is expected to defer rare earth export controls for one year and to resume purchases of U.S. soybeans that had been suspended.

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