China's Foreign Ministry says that they are maintaining interaction on this year's Trump-Xi meeting

China's Foreign Ministry says that they are maintaining interaction on this year's Trump-Xi meeting.

Statements of this kind from the Foreign Ministry are the standard choreography that precedes a leader-level summit: confirmation of ongoing contact without a date, agenda, or deliverable. In past US-China cycles, the sequence has run from working-level engagement to ministerial calls to leader meetings, with each step briefed in similarly non-committal language until logistics are settled; markets have historically priced the prospect of a meeting well before it is confirmed, and the most common disappointment has been a summit that produces optics but no tariff or export-control rollback. The actor matters here: the Ministry's trade-facing statements have tended to be calibrated and incremental, signalling intent to keep channels open rather than announcing policy shifts. Worth distinguishing a meeting held to manage tensions from one held to conclude a deal, since the former has typically produced a short-lived relief bid in CNH and China-sensitive risk while the latter has moved the tariff-sensitive complex more durably. The tells are follow-on readouts from the US side, any mention of agenda items such as tariffs or technology controls, and whether dates and venue begin to circulate. As a holding statement, this confirms the channel is open and nothing more.