China's Xi Jinping to meet Donald Trump next week

If both sides can reach a deal on the issue, it would be one achievement President Xi Jinping and his U.S. counterpart Donald Trump could deliver at their summit in Florida next week.

Trump set the tone for what could be a tense meeting at his Mar-a-Lago retreat next week by tweeting on Thursday that the United States could no longer tolerate massive trade deficits and job losses. "American companies must be prepared to look at other alternatives", Mr Trump wrote in a pair of tweets.

Mr. Trump will meet with President Xi on April 6-7 at Mr. Trump's Mar-a-Lago resort in Florida.

The White House announcement of the visit Thursday said first lady Melania Trump also would be on hand along with Xi's wife, Peng Liyuan.

Despite Trump's fiery attacks on the campaign trail - accusing China of "raping" the U.S. economy and stealing millions of American jobs, among other things - his administration has taken a relatively hands-off approach in dealing with Beijing so far.

"I know China says they're anxious about North Korea". Beijing now holds $1.051 trillion in US debt - that 28 percent of the total public debt owned by foreign countries. However, in order to highlight the expected Xi-Trump meeting, world media obviate that it is Xi's visit to Finland and the first travel to a member state of the European Union (EU) and to Northern Europe as the president of China.

On Friday, China's Vice Minister of Foreign Affairs Zheng Zeguang repeatedly emphasized that "both China and the USA attach great importance to the upcoming presidential meeting".

It is unclear whether Trump will follow through with either threat.

Mr Trump previously slammed China for its perceived lack of diplomacy in dealing with North Korea.

Just weeks ago the summit seemed a distant possibility after Trump infuriated Beijing with suggestions he might break from the United States s long-standing One China Policy, which nominally acknowledges the Asian giant s claims over Taiwan without recognizing them.

But key, high-value industries such as semiconductors and other high-speed processing technologies will remain out of bounds, according to Richard Bush, director of the Brookings Institution's Centre for East Asia Policy Studies.

It is the same Florida resort where Trump hosted and played golf with Japanese Prime Minister Shinzo Abe in February.

There may be some skepticism in the American business community, which has been complaining about rising Chinese protectionism: meanwhile, one of Zheng's suggestions - that the United States lifts restrictions on high-tech exports to China - is unlikely to fly in Washington, for reasons of national security. This policy requires that the USA refrain from maintaining any formal diplomatic ties with Taiwan, a region that China considers to be part of its own territory.

China Daily also puts an optimistic spin on U.S.

However, Wu also reiterated China's opposition to the deployment of a sophisticated missile defense system in South Korea, known as THAAD, which Beijing says threatens its own security with its ability to monitor flights and missile launches deep inside northeastern China.

Asked if the administration had a vision, or a description for its China policy like the "pivot" or "rebalance" to Asia touted by former President Barack Obama, Spicer said: "Right now we're not anxious so much about slogans as much as progress".

  • Lila Blake