It seems that Chinese Foreign Minister Wang Yi revealed at a press conference last weekend that preparations are underway for a U.S.-China summit. The agenda for high-level exchanges is already on the table. Interestingly, Wang emphasized a quite cautious tone. He stated, "What needs to be done now is to make thorough preparations, create an appropriate environment, manage existing risks, and eliminate unnecessary confusion."

President Trump and President Xi Jinping had indicated plans to visit each other's countries after their face-to-face talks in the fall. Trump was scheduled to visit China from late March to early April, but currently, Beijing has not officially confirmed the exact dates.

What’s noteworthy is that this visit is scheduled amid ongoing geopolitical risks, such as the Iran situation and the Venezuela issue. Wang called for a ceasefire in the Iran conflict, saying, "This is a war that should not have happened. It benefits no one." In fact, Wang has reportedly held phone talks with at least seven foreign ministers, including those of Russia, Iran, and Israel, since last month.

U.S.-China relations are in a complex situation. In October, the two countries reached a fragile ceasefire, reducing tariffs on goods to less than 50% for a year. Since tensions last spring saw tariffs raised well above 100%, this rollback is significant. However, Wang warned against "building tariff barriers and pushing forward economic and technological decoupling." To borrow his words, "It's like using firewood to put out a fire. It’s just going to burn you."

Personally, I think it’s worth paying close attention to how the direct dialogue between Xi Jinping and Trump will unfold and how it might influence the stabilization of U.S.-China relations. Given the high geopolitical risks, meticulous preparation for the summit is truly crucial.