With President Donald Trump in a stronger position now that the Mueller investigation is out of the way, China has more incentive to reach a deal on U.S. trade, analysts say.
Over the weekend, U.S. Attorney General William Barr said a nearly two-year investigation by special counsel Robert Mueller did not find enough evidence to make a case against Trump in obstructing justice, or running a campaign that coordinated with Russia's efforts to influence the 2016 election.
"The Mueller report isn't a game changer, but it should encourage China to keep up recent momentum in trying to finalize a deal with Trump," Michael Hirson, Asia director at consulting firm Eurasia Group, said in an email to CNBC.
"China will still have redlines, and a deal is by no means guaranteed, but the fact that an impeachment looks less likely will be meaningful for Beijing's calculus," Hirson said. "One question now is whether Trump himself decides that he now has more leverage over Beijing and drives a harder line in negotiations."