00:00Chinese President Xi Jinping has received a grand welcome from U.S. President Donald Trump
00:05as the two leaders begin a high-stakes three-day summit in Washington.
00:09Despite this diplomatic fanfare, deep differences remain between Washington and Beijing,
00:15from trade and technology to Taiwan.
00:18Though major breakthrough is not expected,
00:20political analyst Dr. Peter Chang shares with us what could actually come out of the summit.
00:26There will not be a new agreement or a grand bargain
00:30because there's just not enough time to strike such a big deal.
00:34So there will be a little bit of concession made in terms of the rails.
00:38I think the Chinese are willing to put that up.
00:40And then there will be some, in return, the Americans will probably give them some access to their chips.
00:47But overall, I think even with the extension of the troops, the fundamentals are still the same.
00:54They are still in a very intense rivalry, rivalry for high technological superiority, especially with AI.
01:03So I think the fundamentals will still be the same.
01:07But the troops will be extended and that will bring some stability.
01:11So it will not, at least it will avert a full-blown trade war between the two suppliers.
01:17As concerns grow over the risk posed by more advanced AI systems,
01:22Chang says AI regulation could feature prominently in the talks,
01:26with both sides recognising the need for greater cooperation.
01:29There are so much more deep mistrusts within the two countries really to address
01:35more comprehensively the risk that humanity poses.
01:39It's not just only at the political level.
01:42Even within Silicon Valley, some of the US big tanks have very sceptical view of China,
01:48have a very hawkish stance on China.
01:50They just say that we just couldn't afford to let China lead the AI race.
01:54That kind of mindset is going to be very detrimental to future cooperation.
01:59But at least the political leaders recognising that they really need to work together on that.
02:04I think it is absolutely crucial both China and the US come together to address
02:11this common risk that AI poses to humanity.
02:15Taiwan is also expected to be high on the agenda.
02:19Chang highlighted the possibility of Trump making concessions on Taiwan
02:23given his unconventional approach to deal-making and the push for an economic deal with China.
02:29From the Beijing side, it really is a violation of the trust.
02:34That the two countries had on Taiwan.
02:38Donald Trump has been known as a deal-maker and he has been known as an unconventional leader.
02:45And the way in which he makes deals ruffles a lot of his allies.
02:49And some of the people who are watching on Taiwan too are a little bit concerned
02:53as to what kind of concession he's going to make.
02:55So we're not exactly sure, but he is known to get out of the box and do deals that really
03:06get the allies in the region horrified.
03:10So I'm not too sure exactly what the concession will be,
03:14but I'm pretty sure that Beijing is going to put Taiwan right at the center,
03:20right at the top of the list for concessions to be made.
03:24You
