A US delegation, led by Treasury Undersecretary Jay Shambaugh, is set to meet with Chinese officials in Beijing to discuss concerns over China's economic policies and industrial overcapacity, which the US argues could harm global markets. Beijing, however, maintains that its economy is resilient and dismisses the overcapacity claims as a guise for US political motives aimed at suppressing China's competitive industries. Concurrently, former President Donald Trump stated that, if re-elected, he believes relations with China and Russia would improve, contrasting his previous harsh rhetoric against China, including threats of tariffs. Trump also expressed a desire to mediate the Ukraine conflict, claiming he could foster better relations with both nations. Critics note that Trump's remarks reflect inconsistencies in his foreign policy stance, especially as he attempts to position himself as a peacemaker while launching a cryptocurrency business. Meanwhile, Kremlin spokesperson Dmitry Peskov cautioned against prematurely assessing Trump's potential as a mediator in the Ukraine crisis until after the US elections.