![Speech by President Xi Jinping engenders hope in US-China trade tensions](https://cdn.energydais.com/media/images/news/55_NtojJRy.jpg)
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The recent speech given by the Chinese President Xi Jinping has raised hopes regarding the easing of trade tensions between the United States and China. Xi pledged a “new phase of opening up” and said Cold War and zero-sum mentalities were “out of place”. Asian stocks and U.S. futures jumped in Asian morning trading following his speech.