◎ President Donald Trump and Chinese leader Xi Jinping both face critical decisions on the looming crisis in Hong Kong.
◎ Unless Xi resolves factional politics at home, China and the U.S. will find it very hard to get a trade deal.
◎ The investigation of Liu Shiyu comes after an escalation in the Sino-U.S. trade war in early May and a worsening of bilateral relations.
◎ If Trump and Xi can make the tough decisions, they can avoid military confrontation that hardliners on both sides see as inevitable and even necessary.
◎ In Italy, Xi signals strong determination to push through reforms.
◎ The stalemate in Sino-U.S. trade negotiations has led to a stalemate in global geopolitics.