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Trump has landed in Beijing for the first visit by a US leader since his own in 2017.
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He will hold two days of talks with Chinese President Xi Jinping, originally meant to be held in March but rescheduled after the US and Israel launched attacks on Iran.
The main focus of the talks is expected to be the current tense trade relationship between the two superpowers.
Trump said he would ask Xi to "open up" China's economy to major tech companies.
He added that he also expected a "long talk" about Iran, though he insisted he did not need China's help to end the conflict.
He said Xi had been "relatively good" on Iran, adding that it would be an "exciting trip" and "a lot of good things are going to happen".
Xi meanwhile is expected to press for an end to US arms sales to Taiwan, and an extension of the trade truce agreed in October that halted tariff escalation between the US and China.
Commentary in Chinese media also suggested Beijing was looking for a "better future" with the US, and a relationship that would "add more stability and certainty" to a turbulent world.
Trump arrived in Beijing on Air Force One on Wednesday evening local time, before main part of the visit starts on Thursday.
The US president is expected to attend an arrival ceremony with Xi at the Great Hall of the People, before the two leaders hold bilateral talks.
A state banquet will be held later at the same venue.
On Friday, Trump will pay a visit to Zhongnanhai, a rarefied compound where China's leaders live and work. The visit will feature a "friendship photo" and handshake with Xi.
After another bilateral meeting with Xi and a working lunch, Trump will return to the airport for a departure ceremony before heading back to the US.
Trump is being accompanied on the visit by CEOs of major US businesses and tech companies.
Among those joining the president on his official trip to Beijing are Nvidia's Jensen Huang, Tim Cook of Apple, Elon
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