US-China ‘Board of Investment’ stalls before expected Trump-Xi meeting

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US-China trade warUSEconomy, Trade & BusinessExclusiveUS-China ‘Board of Investment’ stalls before expected Trump-Xi meetingPresident of US-China Business Council says neither side has ‘initiated consultation process’ or is ready yet for private sector discussions3-MIN READ3-MIN6 Nayan Sethin WashingtonPublished: 4:01am, 13 Aug 2026Updated: 9:29am, 13 Aug 2026The US-China Board of Investment, one of the key outcomes of the May summit between US President Donald Trump and Chinese leader Xi Jinping, is unlikely to be among the deliverables for their expected meeting next month in Washington, according to the head of a leading bilateral business group.“I’m not seeing evidence yet that that’s going to be a sizeable deliverable for the next summit,” Sean Stein, the president of the US-China Business Council, told the South China Morning Post.“The US side and the Chinese side neither have really initiated the consultation process,” he said, adding that “it looks like neither side is ready yet for discussions with the private sector”.In an email response to the South China Morning Post, the Chinese embassy in Washington said that economic and trade teams of both countries are “maintaining close communication regarding the relevant mechanisms”.“We believe that the trade and investment councils will provide a platform for pragmatic discussions between the two countries on mutual concerns in the areas of trade and investment,” embassy spokesman Liu Chang said.He added that the boards would help shift economic and trade consultations from “crisis response” to “mechanised management”.

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