{"text":[[{"start":11.55,"text":"The White House said President Donald Trump and Xi Jinping, his Chinese counterpart, had agreed in Beijing to establish a board of trade, in one of several measures to promote “strategic stability” in US-China relations. "}],[{"start":25.65,"text":"“President Trump and President Xi agreed that the United States and China should build a constructive relationship of strategic stability on the basis of fairness and reciprocity,” the White House said on Sunday. "}],[{"start":35.75,"text":"In a factsheet released two days after Trump left China, the White House said the pair had “reached consensus . . . on several issues that will enhance stability and confidence for businesses and consumers around the world”. "}],[{"start":47.95,"text":"It said the leaders had also agreed to set up a board of investment that, along with the trade board, would “optimise the bilateral economic relationship”. It said the trade board would manage trade in “non-sensitive goods” and the other would create a forum to discuss investment issues. "}],[{"start":65.7,"text":"The White House also confirmed that Xi would visit Washington in the autumn, after Trump had invited the Chinese leader to visit the US capital on September 24 during their two-day summit in Beijing."}],[{"start":77.35000000000001,"text":"It said the leaders had also agreed that “Iran cannot have a nuclear weapon” and called on Tehran to reopen the Strait of Hormuz. It said they had also “confirmed their shared goal to denuclearise North Korea”."}],[{"start":91.7,"text":"Ahead of the summit, US officials had said Trump would pressure China to curb its support for Iran. But the factsheet provided no sign that Xi had agreed to help solve the situation in Iran. Chinese readouts of the summit also did not mention anything about agreeing to provide help to Trump. "}],[{"start":110.85,"text":"The FT recently revealed that a Chinese commercial satellite company had provided Iran with access to a satellite that enabled it to track American military assets in the Middle East days before they were attacked. "}],[{"start":123.85,"text":"The White House listed several commercial deals, including China committing to buying 200 Boeing aircraft and pledging to buy at least $17bn annually in US agricultural produce over three years. China also agreed to restore market access for American beef by lifting restrictions."}],[{"start":142.29999999999998,"text":"The factsheet said China had agreed to address US concerns about supply chain shortages for rare earths and critical minerals, including yttrium, scandium, neodymium, and indium, and that Beijing would also respond to issues the US had raised regarding bans or restrictions on the sale of rare earth production and processing equipment and technology. "}],[{"start":164.1,"text":"China’s commerce ministry said on Saturday the two sides would establish boards of investment and trade to discuss their “respective concerns” and “issues related to tax reduction”."}],[{"start":175.15,"text":"It added that the countries had agreed to look into non-tariff barriers in each market, including against Chinese seafood and dairy products and US beef and poultry. It said the two sides were still negotiating the details of each result. "}],[{"start":189.9,"text":"While the White House stated that Trump had secured “historic deals”, Christopher Johnson, a former top CIA China analyst, said the details in each purchase group reflected “something far more mundane”. "}],[{"start":202.05,"text":"“The Boeing purchase is hundreds of aircraft shy of initial expectations, the agricultural purchases are incremental and ill defined, and energy sales touted by senior administration officials got no mention,” said Johnson, head of China Strategies Group, a consultancy. "}],[{"start":217.8,"text":"“Such minimalist purchase outcomes suggest Trump’s team prioritised denying Xi the extension of the Busan truce he coveted to hold his feet to the fire on steady supplies of rare earths,” Johnson added."}],[{"start":230.95000000000002,"text":"When Trump and Xi met in October, they agreed a one-year truce in their trade war. Ahead of the Beijing summit, China had pushed to extend that ceasefire for the remainder of Trump’s term, but the US did not want a commitment that stretched that long to avoid losing leverage."}],[{"start":255.75,"text":""}]],"url":"https://audio.ftcn.net.cn/album/a_1779074054_5800.mp3"}