The China–U.S. talks in New York may look calm on the surface, but they involve major issues behind the scenes.
Both sides described the first round as successful, and the continuation of talks today confirms that this is more than just a protocol meeting. Trade, rare earths and artificial intelligence are all on the table, but the most difficult issues remain unresolved.
More importantly, these talks come ahead of Xi Jinping’s meeting with Trump in Washington on September 24.
In my view, what is happening in New York is an attempt to organize the outstanding issues and prepare the ground for the leaders’ meeting, rather than an announcement of a major deal just yet.