President Trump and China’s leader, Xi Jinping, emphasized stability but announced no major breakthroughs on points of contention like trade, Taiwan and the war in Iran.

Guests included top U.S. and Chinese officials and the chief executives of several major American companies.

As the government has been devising plans to keep the dollar dominant, China has been making its own moves to increase global influence of the renminbi.

China told its independent refineries to disregard U.S. sanctions over their purchases of Iranian crude.

The measures aim to crack down on Iran’s shadow banking system and Chinese purchases of Iranian oil.