The two sides have also agreed to set up a trade council and extend the outcomes of earlier talks in Kuala Lumpur, the Chinese Foreign Ministry said. The agreement follows an earlier move by the world's two largest economies to extend by two months a trade truce that had been due to expire on November 10, allowing more time to work on a potentially bigger trade deal, US Treasury Secretary Scott Bessent said earlier in the week.
The three-day summit between Xi and President Donald Trump, which ended on Friday, showcased personal diplomacy rather than big public breakthroughs. Xi has since landed in Beijing, Chinese state news agency Xinhua reported on Saturday.
“This historic visit enriched the constructive and stable China-US relationship, upheld the overall stability of bilateral ties, opened a new chapter in China-US relations, and will have a far-reaching impact on world peace and development,” Chinese Foreign Minister Wang Yi said in a statement.
A first AI incident hotline
On artificial intelligence, the two sides agreed to hold a dialogue on the technology's risks and benefits, with the next round of discussions set for November, and to set up a communication channel for AI-related incidents, the Chinese Foreign Ministry said.
The ministry also said in a separate statement that Beijing valued Washington's use of the term "super intelligence" in place of "artificial intelligence," signaling how seriously both governments now treat the technology's advancing capabilities. The AI dialogue arrives alongside a flurry of national AI-safety initiatives on both sides, and marks one of the first formal bilateral channels dedicated to managing AI incidents between the world's two leading AI powers.
Buying time on trade
Beyond the economy, the two sides agreed to support each other in hosting the Asia-Pacific Economic Cooperation leaders' meeting and the Group of 20 summit, with both leaders planning to attend the gatherings hosted by the other.
The agreement stops well short of resolving the structural disputes between the two economies, including disagreements over semiconductors, subsidies, industrial overcapacity, rare earths, data flows, investment screening and Taiwan. But paired with the extended trade truce and a standing trade council, it gives both sides a framework to keep routine commercial disputes from escalating while negotiations continue.
By Hamza Faisal
