Having fought the Trump administration to a draw, China’s Xi Jinping is proposing “constructive strategic stability,” aimed at drawing lines he thinks the U.S. should not cross.

Watch an exchange between the two men in which the Chinese leader sought to signal exclusivity and name-dropped Russia’s president.

President Xi Jinping of China is buying time for Beijing and may see an opening with a U.S. president weakened by the war in Iran.

Beijing welcomed President Trump with a high-ranking vice president, but the choice of a ceremonial leader suggests China is trading symbolism for substance.

The war in Iran, trade, artificial intelligence and Taiwan are expected to be on the agenda. But expectations are modest.