Exclusive-Chinese President Xi to visit Shanghai this week, sources say

SHANGHAI (Reuters) -Chinese President Xi Jinping is set to visit China's international financial hub of Shanghai this week, two sources familiar with the matter said.

The visit would be his first trip to the eastern Chinese city since November 2023, during which he urged the city to build upon its strengths as a financial centre and take a lead in technology.

He also during that trip hosted a meeting with provinces comprising of China's Yangtze River Economic Belt, an area that comprises Shanghai and 10 other provinces and cities along the Yangtze River, a key export hub which accounts for about more than 40% of China's gross domestic product.

The State Council Information Office, which handles media queries for the Chinese government, did not immediately respond to a request for comment.

Xi's visit to Shanghai this year comes as Washington and Beijing remain locked in a trade war that is threatening to sap global growth.

U.S. President Donald Trump asserted in an interview published on Friday that tariff negotiations were under way with China, but Beijing denied any talks were taking place, the latest in a series of conflicting signals over whether progress was being made to de-escalate the trade battle.

(Reporting by Shanghai and Beijing newsrooms; Editing by Kim Coghill)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Wall St futures muted as higher oil prices temper risk appetite after S&P record close
• Siege in Palestinian village draws US criticism as Israeli settlers dig in
• Italy recovers Renoir, Cezanne and Matisse works stolen from museum