US President Donald Trump is set to embark on his first state visit to China since returning to office, accompanied by a high-profile delegation of CEOs from top companies.
The meeting with Chinese President Xi Jinping, scheduled for May 14-15, is expected to focus on renegotiating the terms of the US-China trade relationship. The current deficit between the two countries stands at $375 billion, and Trump aims to reduce this number through successful negotiations.
A key factor in the negotiations will be China's stance on cryptocurrency and blockchain technology. Several CEOs from the delegation have ties to the crypto sector, including Elon Musk and Larry Fink of BlackRock. The presence of these executives may indicate a growing recognition of the importance of digital assets in cross-border trade.