Five takeaways from the Trump-Xi summit in Beijing so far

The United States and China agreed to more cooperation Thursday at a summit in Beijing, a high-stakes meeting filled with goodwill between the two countries, who have long disputed issues ranging from intellectual property and human rights to technology and trade.

Here are five key takeaways based on readings from the meeting from Chinese government and White House officials.

Chinese President Xi Jinping and US President Donald Trump agreed to develop “constructive China-US relations with strategic stability,” according to the official English reading of the summit by the Chinese government. President Xi said the Chinese government will treat this as a guiding framework for the next three years and beyond.

The strategic position will be guided by cooperation and “prudent competition” with manageable differences, Xi said in a statement, stressing that the framework must be translated into concrete actions.

“This suggests that a period of ‘managed stability’ will continue for some time,” said Tiancheng Xu, senior economist at the Economist Intelligence Unit. Friction will continue, but “guardrails will be there and things won’t get out of both parties’ control as they likely will in 2025.”

At a preparatory summit in South Korea on Wednesday, trade envoys from the two countries reached an “overall balanced and positive outcome,” Xi said. The delegation was led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng.

“The two countries should work together to maintain this hard-won positive momentum,” Xi said. He said the Chinese government welcomes the deepening of U.S. commercial involvement and that “the door to China’s opening up to the outside world will be opened even wider.”

The comments came as more than a dozen business leaders from some of America’s largest companies attended President Trump’s visit. Tesla”Elon Musk and NvidiaMr. Jensen Huang.

Xi said both sides should make better use of diplomatic and military communication channels. He also called for deepening cooperation in economic and trade issues, agriculture and tourism.

Mr. Trump, Mr. Xi and their teams discussed ways to strengthen economic cooperation, including expanding market access for American companies to China and increasing Chinese investment in American industry, White House officials said.

Trump also called on the Chinese government to continue efforts to curb the flow of fentanyl into the United States and increase purchases of American agricultural products, according to U.S. officials.

According to Chinese reports, the two countries also discussed the Middle East conflict, the crisis in Ukraine, and the crisis on the Korean Peninsula, but details were not disclosed.

Mr. Trump and Mr. Xi agreed that the Strait of Hormuz must remain open to restore the flow of energy through the critical waterway, White House officials said.

The official said Xi reiterated that Beijing opposes the “militarization” of energy arteries and “any effort to impose fees on their use.” China has also expressed interest in purchasing additional US crude oil in order to break away from its dependence on Middle Eastern crude oil.

The official said the two countries agreed that Iran could never acquire nuclear weapons.

Mr. Xi refrained from using his sharpest words about Taiwan, calling it “the most important issue in U.S.-China relations.”

He said the risks could not be higher: “If done well, relations can be maintained; if done poorly, both countries risk conflict and conflict.”