Round of China-U.S. Economic and Trade Consultations to Launch, with Progress Being Made in Summit Meetings

Chinese Vice Premier He Lifeng will lead a delegation to South Korea on May 12-13 to hold offline economic and trade talks with the US side.

In addition, there are reports that Trump plans to start a visit to China soon, with the internet circulating a rough schedule of arriving in Beijing on Wednesday evening, participating in various official activities and attending a state banquet on Thursday, and leaving China at the end of the schedule on Friday. The relevant schedule has not yet been officially announced by the White House and the Chinese side.

The White House has confirmed that the China-US rare earth cooperation agreement remains in effect, and both parties intend to establish a new joint committee on trade and investment to build a normalized platform for economic and trade communication.

According to revelations from US officials, the US side has concerns in the field of artificial intelligence security, and this issue is expected to be included in the key discussion topics of the meeting between the two leaders.

Looking at the economic and trade pattern, China-US high-level economic and trade engagement has entered a substantive advancement stage, but core differences between the two sides remain. The curbing game in the field of science and technology and the competition for the chips of rare earth strategic resources have not been resolved, and it is difficult to achieve a fundamental easing in the short term.

In terms of the market, the trade expectations between China and the US are expected to witness marginal improvement, with rare earth and consumer electronics and other foreign-related tracks obtaining a breathing space for emotional recovery. However, structural frictions have not been dissolved, and the rebound height and sustainability of the board are still constrained by disagreements, with subsequent funds continuing to follow up on the results of the consultations, progress in the leaders' meeting topics, and trends in related industrial policies.