0246 GMT - Chinese President Xi Jinping's coming U.S. visit could be largely symbolic, an investor survey by Goldman Sachs shows. Both Chinese and overseas investors think trade policy is the most likely area for tangible progress, while scope for a meaningful shift in bilateral relations is likely limited. Two-thirds expect tensions to remain broadly unchanged after the U.S. midterm elections. GS's baseline scenario is that U.S.-China relations could stabilize rather than materially improve or deteriorate. "We therefore expect a managed, albeit fragile, détente, with targeted agreements possible but a broader reset in bilateral relations unlikely," they add.
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