US and China report progress in talks ahead of Trump-Xi summit

US and Chinese officials gave positive assessments of talks on AI, trade, and investment, signaling a mutual desire to stabilize relations ahead of this week's summit between Presidents Donald Trump and Xi Jinping. China's top trade negotiator, Li Chenggang, called the talks held in a "good atmosphere," while US Treasury Secretary Scott Bessent described them as "very successful." China's Foreign Ministry formally announced Xi's state visit to the US from Sept. 23 to 25, his first since 2015. The talks did not produce an agreement to extend the trade truce, and an announcement of new US tariffs over excess manufacturing capacity has been delayed until after the meeting. The positive tone aimed to prevent rivalry from escalating into broader confrontation despite differences on technology controls and Taiwan.