After a momentous Trump-Xi summit in Beijing last week with over a dozen American executives in tow, the U.S. and Chinese readouts agree on one phrase: constructive strategic stability. But what does that really mean? From an economic and trade perspective, the term amounts to “a form of commercial détente,” James Zimmerman, chairman of the American Chamber of Commerce in China, told me. In practical terms, it signals intent to talk and creates room to resolve disputes without a return to trade war uncertainty — a boost for business confidence, he said. China emphasized that the framework would set the tone for at ... (full story)