He Said, Xi Said

Don’t expect a game-changing breakthrough in Chinese-US relations when President Xi meets President Trump on Thursday. Presidential fireworks are entirely possible, William says; but so is limited progress toward resolution on certain aspects of certain bones of contention. Today, William outlines where he sees potential for headway and where that’s unlikely. The best outcomes investors can hope for are extension of the expiring truce, a handful of commercial deals, and a commitment to keep talking—which may be wins enough for now. … Also: Toby looks at why investors have soured on China’s stock market.