China mulls US manufacturing fund ahead of Xi-Trump summit, business leader says

According to the chairman of the American Chamber of Commerce in China, the upcoming summit between US President Trump and Chinese President Xi Jinping in Beijing this spring is likely to yield several positive outcomes, though not a comprehensive agreement. James Zimmerman stated that Trump's primary objective may be to announce deals, such as aircraft and soybean sales. He also mentioned ongoing discussions about China potentially establishing a fund to encourage Chinese manufacturing investment in the United States, similar to investments made by Japan, Taiwan, and South Korea. Zimmerman suggested that China would likely seek protections in return for such investments. He believes the US midterm elections in November may increase Trump's desire for tangible results from the meeting.

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