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President Donald Trump and Chinese President Xi Jinping met on Thursday and discussed topics ranging from market access for U.S. businesses in China to the Strait of Hormuz.
Treasury Secretary Scott Bessent arrives ahead of a state banquet for President Donald Trump and China's President Xi Jinping at the Great Hall of the People in Beijing on May 14, 2026. | Brendan Smialowski/AFP via Getty Images
Treasury Secretary Scott Bessent said he is discussing a board of investment with China on Thursday to deepen its economic relationship with the U.S., as President Donald Trump tackles trade goals with Chinese leader Xi Jinping in Beijing this week.
A board of investment, Bessent told CNBC in an interview that aired Thursday, will help “decide upfront what are the nonstrategic, nonsensitive areas where it would be possible for the Chinese to invest,” while addressing the security concerns inherent in buddying up with a major geopolitical rival. Administration officials are also discussing a board of trade with Beijing.
