China says 'thorough preparations' needed as Trump-Xi meeting hangs in the balance amid Iran war

China's top diplomat, Wang Yi, announced that thorough preparations are in progress for an upcoming meeting between U.S. President Trump and Chinese President Xi Jinping. This crucial development unfolds amidst heightened global tensions, including concerns about Iran, adding complexity to the diplomatic landscape. The potential meeting is seen as vital for addressing the ongoing U.S.-China trade dispute, which has weighed heavily on global markets. While the exact timing and outcome remain uncertain, the confirmation of preparatory work signals a continued effort towards de-escalation. Investors should watch for further updates, as any definitive progress could significantly impact market sentiment.