Trump to press China for tougher approach to North Korea

"That is all I am telling you", he said in an interview with the Financial Times of London, AFP reported. He has also accused China of manipulating its currency to boost exports.

As the talks loom, China's chief diplomat Yang Jiechi and U.S. secretary of state Rex Tillerson agreed that the meeting was a "top priority", the Chinese ministry of foreign affairs said in a statement on its website.

China is North Korea's most important source of diplomatic support and economic assistance, accounting for about 90 percent of the North's trade and supplying fuel and many of other necessities.

The president recently said that if China does not take action on North Korea, the USA will.

Retired Gen. John Keane, who turned down President Donald Trump's offer to serve as the secretary of defense, suggests that bombing the North's nuclear and weapons facilities "may be the only option left".

He has also vowed to "bring back manufacturing jobs", citing the increase on taxes in the the decades since the 1980s Ronald Reagan administration.

While Trump has been in office little more than 10 weeks, Xi has honed his United States strategy since assuming the Chinese leadership in 2013.

"I think this administration wants to see them act and I think they are going to pressure them to do that".

North Korea frequently makes unspecific threats in its state media. And the stakes are extremely high.

"We're going to continue to put pressure on China to have action". It warned that possible retaliation from Beijing was not a reason for inaction.

It is becoming increasingly clear that, even under a Trump presidency, the United States can not simply shirk its role as a stabilizing power on the world stage.

There are no signs of Beijing's stance on North Korea changing any time soon, but the summit will perhaps give a clearer picture of the direction of North Korea policy during Trump's presidency.

Trump said if China does not help, the US could handle the situation on its own.

"Xi and Trump are not natural friends", said a former senior U.S. official specialising in Asia.

But analysts say the Chinese are shrewd enough at geopolitics to fend off USA demands. The share of the public that sees the amount of USA debt held by Beijing, the loss of jobs to China and the trade deficit with China as very serious problems has dropped significantly in recent years.

Oil prices stood near three-week highs on a growing sense that OPEC and nonmember Russian Federation would extend their production cut, seeking to drive the market higher, though high USA rig count capped their advance.

Benchmark 10-year U.S. Treasury yields touched more than one-month lows as a reallocation into U.S. government debt at the start of the quarter boosted demand and drove up prices.

However he said China was reluctant to do so in case it led to war or the collapse of North Korea which would result in a unified Korea and its allies on its border. The main focus for markets this week centers on USA payrolls figures due on Friday.

"The Trump administration is not necessarily seeking to reduce trade deficit through a cheaper dollar".

For now, the world awaits Trump's meeting with China's Xi, in what Trump has painted as a decisive conversation in determining the fate of the Kim regime.

But several corporate lobbyists, representing a range of companies expressed concern Trump's lack of attention to detail could prove counterproductive when it comes to the intricacies of the massive trade and investment relationship.

Asked whether he could succeed alone, he said "totally".