President Trump's visit to China resulted in significant trade agreements, including the purchase of 200 Boeing aircraft and the establishment of joint investment and trade boards.

On the face of it, US President Donald Trump’s China visit can be characterised by five Bs: beef, beans, Boeings, a board of investment and a board of trade. No wonder Trump rated his visit a “12 on a scale of one to 10”. Just the 200 Boeing aircraft China has agreed to buy is worth the presidential visit. China has achieved no less. Compared with beef, beans and Boeings, the boards of investment and trade that both sides agreed to set up are perhaps more significant. With this institutional...