The summit between Moon and Xi took place for about 40 minutes at the Crowne Plaza hotel.
South Korea's foreign minister is expected to visit China soon to fine-tune preparations for the upcoming summit between their leaders, a government source said Monday.
At the meeting, the two countries agreed to deepen their cooperation on North Korea and to hold a trilateral summit with South Korea at the earliest possible date. A senior official at the Blue House held an informal briefing late in the evening to address these questions. "They do not deviate from the scope of the joint statement on THAAD issued on October 31", said a senior the official, who was present during the summit. Xi highly regarded the agreement between the two countries, saying, "It is a new start and a good beginning".
President Moon Jae-in (left) shakes hands with his Chinese counterpart Xi Jinping at the APEC Summit in Danang, Vietnam on Saturday.
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A source close to the negotiations said there were "a lot of very angry people, a lot of very pissed off leaders" at the meeting. Though he is prepared to work with Apec countries, he said, he will do so only as long as they "abide by fair reciprocal trade".
"In this sense, Beijing may have decided that it had made its point over THAAD and that its interests would now be better served by improving relations with Seoul in order to help deal with the North Korea crisis in the coming months and push back against U.S. strategic designs on the region in the coming years", the writers summed up.
The first payoff is that the agreement offers assurances from Seoul that it recognizes China "strategic position in the region". "China will be watching to see how the 'three no's" are actually implemented". "Just as South Korea stands firm on the comfort women issue and continues to deal with it separately even while seeking to fix relations with Japan, this only means China is using a two-track strategy on THAAD".
South Korean companies with Chinese customers had suffered due to backlash from China, which has vehemently opposed the deployment of the Terminal High Altitude Area Defense (THAAD) system.