Important details from @EmilyZFeng that help to capture the dynamics between China and the U.S. as well as the state of preparation ahead of the highly anticipated Xi-Trump summit in Washington on September 24.

A lot of uncertainties surrounding key issues remain unresolved, and the Chinese side is trying to get more clarity from their American counterparts about the key details of the summit. There are ongoing frictions over Chinese export control on rare earth minerals and American export control over advanced semiconductor chips, with each side accusing the other of failing to deliver on the commitments previously made.

Overall, the upcoming summit will likely test whether the fragile and fluid trade truce and temporary stability in bilateral relations will hold or not. The bottom line is that both sides have priorities on their agenda, but their expectations for ironing out a list of specific deliverables that can fully satisfy their priorities remain limited. At best, China and the US will aim to have enough to put on the table that they can nod to ensure the leadership level engagement continues.

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