A Trump-Xi Summit Won’t Defrost the US-China Cold War

Trading blows. Secretary of State Mike Pompeo met with China’s Foreign Minister Wang Yi in Beijing on Monday, off the back of a trip to Pyongyang. At a press conference, the two diplomats traded unusually direct criticisms, demonstrating the dramatic deterioration of ties between China and the U.S. Wang Yi chastised the U.S. for “escalating trade friction” with China and rebuked it for engaging with Taiwan and criticising China’s human rights abuses. Pompeo told Wang Yi that the U.S. has “great concerns” about China’s recent actions. Reuters

Trump to meet Xi. The White House is arranging a meeting between President Trump and Xi Jinping on the sidelines of the G20 summit in November, with hopes of putting the spiralling trade war to bed. Wall Street Journal

New laws, old rule. Throughout the year, reports have emerged detailing how China is forcibly detaining members of the Uighur ethnic minority in “re-education centres” across Xinjiang, the semi-autonomous province in West China. This week, authorities in the province amended local laws to explicitly permit the government to “educate and transform” people in “vocational training centres”. China maintains its heavy-handed measures in Xinjiang are designed to tackle religious extremism and outbreaks of terrorism. SCMP

A spy on trial. Yanjun Xu, a Chinese intelligence officer, was arrested in Belgium and extradited to the U.S. to stand trial for economic espionage. Xu is accused of attempting to steal trade secrets from numerous companies in the U.S., including an aviation division of General Electric. The trial will be the first time a Chinese spy has been brought to the U.S. to stand trial in an open court. The proceedings could unveil more details about China’s methods for stealing trade secrets. New York Times

This edition of CEO Daily was edited by Eamon Barrett. Find previous editions here, and sign up for other Fortune newsletters here.

Credit: Fortune

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