Podcasts about china us

Fresh out of the studio, James Liang — Co-founder and Executive Chairman of Trip.com Group, economist, and author of Innovationism: A New Philosophy for the Age of AI — joins us to explore what becomes of human meaning when AI does the work. James argues that innovation and heritage are "the same coin": innovation measured by how much heritage it leaves behind. He unpacks why the individual, not the nation or firm, is the binding constraint on innovation, why aging societies stop producing startups, and how his Nature 2024 hybrid-work study reframes family-friendly policy as economically rational. Closing the conversation, James explains why he is bullish on China mid-term but bearish long-term — and why population, not chips, is the real race."To innovate and to innovate successfully is measured by how much heritage you generate. But you know what's a good innovation? What's innovation can have a lasting impact? In my definition, the good news is it's going to last." - James LiangEpisode Highlights:[00:00] Quote of the Day by James Liang, Chairman of Trip.com Group[01:06] Introduction: James Liang[03:18] Stepping down twice — the mobile wave he didn't see[05:57] Founder mode and returning to lead Trip.com[07:31] Three life lessons: a rich life, experience, family[09:44] Innovationism — why the book opens with his daughter[11:24] Core tenets: innovation and heritage as one coin[14:38] Innovation as writing a company's cultural values[16:00] What heritage really means[17:32] Distil to simplicity; learn more in the age of AI[19:00] The Nature 2024 hybrid-work experiment[19:44] Triple-win policies: employee, company, society[22:52] Innovation capacity — neurons, scale, connection[25:37] Three levels: nation, firm, individual[29:00] Why innovation cannot be planned top-down[30:21] Japan's missing startups; Korea and China compared[32:14] Hierarchy, vested interests, and blocked young talent[33:17] AI and moats — operators and the physical world[35:36] Education reform — stop filtering children too early[37:31] College as universal general education[40:00] Understanding still matters in the age of AI[41:46] What readers won't pick up from the page[42:14] The AI end game — master, child, or pet[43:27] Population as the safeguard against losing control[45:14] Technology ethics at the frontier[46:01] Longevity, fresh blood, and stagnation[49:19] Interstellar trips as Trip.com's next frontier[49:41] The biggest misconceptions about China's innovation[50:36] The big-country advantage in digital technology[52:23] Electric cars, life science, three times the talent[54:16] The China–US race — researchers as the real bottleneck[56:38] Why blocking China hurts the US more[57:42] The question James wishes people would ask[59:25] Success for innovationism — relax, travel, have children[61:22] ClosingProfile: James Liang, Co-founder, Executive Chairman of the Board, Trip.com Group and Author of "Innovationism: A New Philosophy for the Age of AI" LinkedIn: https://www.linkedin.com/in/james-liang-tripgroup/Trip.com Group: https://investors.trip.com/board-member/james-jianzhang-liangPodcast Information: Bernard Leong hosts and produces the show. The proper credits for the intro and end music are "Energetic Sports Drive." G. Thomas Craig mixed and edited the episode in both video and audio format.

China and the United States should implement the important consensus reached by the two countries' leaders and work toward a stable and sustainable military-to-military relationship, Chinese scholars said at a high-level security forum in Singapore, as global security faces rising risks from hegemonism, disorder of global governance and emerging technologies.当前，霸权主义、全球治理失序以及新兴技术等因素令全球安全风险不断攀升。中国学者在新加坡一场高级别安全论坛上表示，中美两国应落实两国元首达成的重要共识，推动两军关系朝着稳定、可持续的方向发展。Major General Meng Xiangqing, a professor at China's National Defense University, made the remarks on Saturday during a parallel session of the three-day Shangri-La Dialogue, which concluded on Sunday.为期三天的香格里拉对话会于周日落幕。中国国防大学教授孟祥青少将在周六的专题分论坛上发表了上述观点。His remarks came after US Defense Secretary Pete Hegseth referred to the recent China-US top leaders' meeting in Beijing and their consensus, during a plenary speech earlier on Saturday.周六早些时候，美国国防部长皮特・赫格塞思在全体大会发言中提及近期中美两国元首在北京举行的会晤及双方达成的共识，随后孟祥青作出相关表态。Meng said the level of attention the two leaders' meeting received at the forum showed that stability in China-US relations serves not only the interests of the two peoples, but also regional stability and world peace.孟祥青表示，此次元首会晤在论坛上受到高度关注，这说明中美关系稳定不仅符合两国人民的利益，也有益于地区稳定与世界和平。The most important political consensus reached by the two sides is to build a constructive relationship of strategic stability between China and the US, Meng said.他指出，双方达成的最重要政治共识，是构建中美建设性战略稳定关系。"We expect China and the US to meet each other halfway, translate the consensus into concrete actions, and push military-to-military relations toward healthy, stable and sustainable development," he said.他说：“我们期待中美双方相向而行，将共识转化为实际行动，推动两军关系实现健康、稳定、可持续发展。”Responding to a question from a member of the Chinese delegation after his speech, Hegseth said the new vision of building a constructive US-China relationship of strategic stability is "real, substantive and meaningful for the history of peace in the region and the world".赫格塞思发言结束后，回答了中方代表团成员的提问。他表示，构建中美建设性战略稳定关系这一新愿景是切实、务实的，对地区乃至世界和平发展历程都具有重要意义。Hegseth said he was present when the leaders discussed constructive strategic stability. "I think that was a great framing from both leaders about what they want from that relationship," he said, adding that there is "a mutual respect, a recognition of capabilities and power and how that could be most usefully leveraged in the world today".赫格塞思称，两国元首探讨建设性战略稳定相关内容时他在场。他表示：“两国元首为双边关系发展指明了良好方向。” 他还提到，双方相互尊重，正视彼此的实力与影响力，并思考如何在当今世界合理发挥这些力量的作用。Wang Dong, a professor at Peking University's School of International Studies, said that Hegseth's speech this year contained far fewer negative references to China compared with speeches by US defense chiefs in previous years, and did not mention Taiwan or the South China Sea, two hot topics that had often been cited in the past.北京大学国际关系学院教授王栋表示，相较于往年美国国防部长的发言，赫格塞思今年的讲话针对中国的负面表述大幅减少，也没有提及以往频频出现的台湾、南海两大热点议题。Wang, who participated in the security summit, said the change in Hegseth's tone reflected a more cautious approach by the US in handling relations with China after the two countries agreed to build a constructive relationship of strategic stability.出席本次安全峰会的王栋认为，美方态度出现转变，反映出在双方就构建建设性战略稳定关系达成共识后，美国处理对华关系时变得更为谨慎。"Over the past year or so, China, through engagement and struggle, has made the US realize that it cannot gain an advantage in a trade war with China, and may even face countermeasures from China," he said. "The US is working with China to build a new paradigm, which is very important for the two countries to find the right way to get along."他说：“过去一年多来，中国通过沟通与斗争，让美方认识到在对华贸易博弈中无法占到便宜，甚至会遭到反制。如今美方愿意同中国探索构建新型相处模式，这对两国找到正确相处之道至关重要。”In his speech, Meng, the PLA professor, also warned that global strategic stability faces unprecedented challenges, including the impact of hegemonism on regional security, rising risks of global nuclear conflict, serious erosion of international arms control, disarmament and non-proliferation systems, and disorder in global governance.孟祥青在发言中还警示，全球战略稳定正面临前所未有的挑战：霸权主义冲击地区安全，全球核冲突风险上升，国际军控、裁军与防扩散体系遭到严重破坏，全球治理陷入失序状态。Some countries are engaging in power politics, seeking absolute strategic superiority and provoking bloc confrontation, he said, adding that such moves have intensified arms races and regional conflicts.他指出，部分国家大搞强权政治，谋求绝对战略优势，煽动阵营对抗，此类行径加剧了军备竞赛与地区冲突。"These risks are intertwined and mutually reinforcing, making current strategic stability highly fragile," Meng said, noting that countries, especially major powers, should shoulder their due responsibilities in safeguarding strategic stability.孟祥青表示，各类风险交织叠加、相互激化，令当下的全球战略稳定变得十分脆弱。各国尤其是大国，应当承担起维护战略稳定的应有责任。He called for firmly defending the postwar international order, saying that it is essential to building the political foundation for strategic stability.他呼吁坚决维护战后国际秩序，这是筑牢战略稳定政治根基的关键。"As the world again stands at a crossroads, countries must stay alert to any revival of militarist thinking and firmly safeguard the outcomes of World War II and the postwar international order," Meng said, criticizing recent actions by the Japanese side in the security and military fields.孟祥青批评了日方近期在安全和军事领域的相关举动，并表示，当今世界再次来到历史十字路口，各国必须警惕军国主义思想回潮，坚定捍卫二战胜利成果和战后国际秩序。On emerging technologies, the scholar warned against a "rules vacuum" in their military use.谈及新兴技术，这位学者提醒，要警惕其在军事应用领域出现 “规则真空”。"Allowing algorithms to control matters of life and death could very likely lead to technological loss of control," he said. "At all times, control over war and related weapon systems must be firmly kept in human hands."他表示：“若任由算法掌控生杀大权，极易引发技术失控。战争以及各类武器系统的控制权，必须始终牢牢掌握在人类手中。”consensus /kənˈsensəs/n. 共识，一致意见hegemonism /hɪˈɡemənɪzəm/n. 霸权主义strategic /strəˈtiːdʒɪk/adj. 战略的；战略性的fragile /ˈfrædʒaɪl/adj. 脆弱的；易受损的

➡️ Watch the full interview ad-free, join a community of geopolitics enthusiasts and gain access to exclusive content on PATREON: https://www.patreon.com/DecodingGeopolitics➡️ Sign up to my free geopolitics newsletter: https://stationzero.substack.com/➡️ Buy your own Geopolitics of the Western Pacific Map Print: https://decoding-geopolitics-shop.fourthwall.com/This is a conversation with Henriette Levin, a senior fellow in China Studies at CSIS. She argues that something very very important has changed in the relations between China and the US - or actually several things - over the past 2 years since Trump returned to the White House. And that those shifts will have - and are already having - enormous geopolitical consequences - even almost no one has realized this change just yet. And that this change will mean pretty bad news for the United States and very good news for China.We talk about what those changes are, which ones we have already seen at the latest China-US summit, why people in Taiwan might have a good reason to start getting pretty nervous and how all that might increase the risk of a potential conflict. And much more.

China agreeing to purchase 200 aircraft from Boeing is expected to bolster commercial ties between China and the United States, especially in the aviation sector, as industry analysts said the agreement represents a partial easing of strained industrial ties after nearly a decade.The Ministry of Commerce announced on Wednesday that China will purchase 200 Boeing aircraft "in accordance with its air transport development needs and on commercial principles", responding to a question regarding US President Donald Trump's recent remarks on the deal.An official from the ministry said that aviation is a key sector for mutually beneficial and win-win cooperation between the two countries.The US will also guarantee sufficient supplies of engines and spare parts for Chinese operators, according to a statement published on the ministry's website.The comments came days after Boeing said that it had made progress in reopening the Chinese market during Trump's state visit to Beijing, where he was accompanied by a delegation of senior US business executives, including Boeing CEO Kelly Ortberg."We had a very successful trip to China and accomplished our major goal of reopening the China market to orders for Boeing aircraft," Boeing said in a statement to China Daily.If finalized, the deal would mark Boeing's first major aircraft commitment from China in nearly a decade. The last major deal came during Trump's previous visit to China in 2017, when Chinese buyers signed agreements for 300 Boeing aircraft worth more than $37 billion.Since then, Boeing has struggled to secure large orders from Chinese airlines amid geopolitical tensions and the grounding of the Boeing 737 MAX after two fatal crashes in 2018 and 2019.China was once one of Boeing's most important overseas markets, with Chinese airlines accounting for roughly a quarter of the company's global deliveries before 2019. But the US manufacturer's presence has since weakened sharply as European rival Airbus expanded its footprint in China.Airbus now holds roughly 55 percent of China's commercial aircraft market and has secured multiple large orders from Chinese carriers, including hundreds of Airbus A320neo family aircraft."Aviation has traditionally been a key link in China-US economic relations, and aircraft orders often serve as a barometer of bilateral ties," said Zhu Keli, founding director of the China Institute of New Economy.The Boeing commitment signals a shift toward more pragmatic engagement, with both sides returning to cooperation based on commercial interests, Zhu said."It shows that the global aviation supply chain remains deeply interconnected," he said. "High-end manufacturing such as commercial aircraft is difficult to separate from the global division of labor."For China, the move also signals continued openness and commitment to maintaining stable global industrial supply chains, Zhu added, while for the US, it reflects recognition of the importance of the Chinese market.Beyond geopolitics, analysts said the proposed purchase also addresses the pressing operational needs of Chinese airlines.Over the past nine years, Airbus has steadily expanded its dominance in China, leaving airlines increasingly dependent on a single supplier. Reintroducing Boeing aircraft into the market could help rebalance the supply structure and improve resilience, Zhu said.At the same time, Chinese airlines are facing aging fleets and strong demand for capacity growth, while production of the domestically developed C919 by the Commercial Aircraft Corp of China is still ramping up and Airbus order backlogs remain long."In that context, 200 Boeing aircraft could help fill near-term capacity gaps and ensure stable operations on major routes," Zhu said.US commitments to ensure supplies of engines and components could also ease maintenance pressures for airlines and reduce operational risks, he added.However, Zhu cautioned that the deal represents only a partial thaw rather than a full recovery in China-US aviation cooperation.While aircraft purchases and supply chains may expand, barriers remain in areas such as airworthiness certification, core technology sharing and deeper industrial integration. In particular, certification of the C919 by Western regulators remains a key hurdle, highlighting continued technological competition between the two countries, he added.Zhu said that future cooperation is likely to follow a pattern of "strong commercial cooperation but cautious technological engagement", as sensitive technologies such as aircraft engines and advanced avionics remain tightly controlled.Both Boeing and Airbus expect China to become the world's largest aviation market by around 2043, with a commercial fleet of roughly 9,000 to 10,000 aircraft.strained industrial ties /streɪnd ɪnˈdʌstriəl taɪz/紧张的产业关系spare parts /speə pɑːts/零部件grounding /ˈɡraʊndɪŋ/停飞barometer /bəˈrɒmɪtə/晴雨表，指标capacity gap /kəˈpæsəti ɡæp/运力缺口ramp up /ræmp ʌp/提升产能，加速order backlog /ˈɔːdə ˈbæklɒɡ/积压订单partial thaw /ˈpɑːʃəl θɔː/局部解冻airworthiness certification /ˈeəwɜːðinəs ˌsɜːtɪfɪˈkeɪʃən/适航认证avionics /ˌeɪviˈɒnɪks/航空电子系统

The National Peanut Board is launching a brand platform that aims to elevate peanuts beyond being a reliable staple: “It's Not Nuts. It's Peanuts," and China and the U.S agreed to reduce tariffs on agricultural trade as part of a broader agreement.

Private companies and researchers at the University of California, Davis, are working with farmers to develop new ways to reduce methane emissions from cattle, and China and the U.S agreed to reduce tariffs on agricultural trade as part of a broader agreement.

The Chinese Ministry of Public Security says it has worked with the US Drug Enforcement Administration under the Department of Justice on a joint investigation into a transnational case involving new psychoactive substances.

Crypto markets and US stocks suffer a brutal flash crash as the US rejects Iran's latest peace proposal ahead of a crucial Situation Room meeting. ~This episode is sponsored by iTrust Capital~ iTrustCapital | Get $100 Funding Reward + No Monthly Fees when you sign up using our custom link! ➜ https://bit.ly/iTrustPaul 00:00 Intro 00:10 Sponsor: iTrust Capital  01:00 Trump vs Iran 02:30 Iran LEGO FUD 03:00 Mark Cudmore: Harmouz back in focus 04:30 China US trade update 05:30 Tom Lee: Risks for stocks 07:00 Tom Lee: How do you prepare 08:00 $BMNR de-risk 09:40 Institutions selling etc 10:45 XRP ETFs 11:30 USDT dominance 12:00 Buffet sideline 12:20 AI sentiment 13:50 ETH sell pressure #Crypto #bitcoin #iran ~Massive De-Risking Event

Donate (no account necessary) | Subscribe (account required) Join Bryan Dean Wright, former CIA Operations Officer, as he dives into today's top stories shaping America and the world. In this Monday Headline Brief of The Wright Report, Bryan opens with a major Iran-linked terror arrest in New York City, where an Iraqi national accused of working for the IRGC allegedly helped plan attacks against Jewish, Israeli, and American targets across the U.S., Canada, Europe, and beyond. He then breaks down the broader war picture, including new drone attacks on the UAE, Saudi Arabia, and Kuwait, President Trump's warning that Iran is running out of time for a peace deal, and a notable shift in the White House's position on Iran's enriched nuclear material. Bryan argues that Tehran is showing little interest in peace, while rising oil prices, market stress, and warnings about shortages of motor oil and lubricants show how the war is increasingly hitting Americans at home. Plus, Bryan covers China's tentative promises to buy more U.S. agricultural products, President Trump's successful move to oust Louisiana Senator Bill Cassidy, and AOC's growing push to rally Democrats around socialism, redistricting fights, and attacks on billionaires. He also highlights Texas Children's Hospital ending transgender procedures for minors, and closes with a look at America's 250th birthday, the Rededicate 250 event, and the renewed debate over faith, religion, and the future of the nation.   "And you shall know the truth, and the truth shall make you free." - John 8:32     Keywords: IRGC terror plot New York Mohammad al Saadi 2026, Iran terror attacks Jewish schools US Europe Canada, Trump Iran peace deadline nuclear material shift, UAE nuclear plant drone attack Iran war update, Strait of Hormuz oil prices motor oil shortages 2026, China US agriculture deal beef purchases Trump Xi, Bill Cassidy primary loss Trump revenge Louisiana Senate, AOC socialism redistricting Alabama rally 2028 Democrats, Texas Children's Hospital puberty blockers settlement detransition clinic, Rededicate 250 America religion faith founding fathers, Bryan Dean Wright podcast, The Wright Report

The China-United States summit has dealt a severe blow to the "pro-independence" stance of Taiwan's ruling Democratic Progressive Party and sent a clear warning to separatist forces, experts said.During his talks with US President Donald Trump on Thursday, President Xi Jinping underscored that safeguarding peace and stability across the Taiwan Strait remained the biggest common denominator between China and the US.Noting that the Taiwan question is the most important issue in China-US relations, Xi told Trump that if it is handled properly, the bilateral relationship will enjoy overall stability. Otherwise, the two countries will have clashes and even conflicts, putting the entire relationship in great jeopardy. Xi emphasized that "Taiwan independence" and cross-Strait peace are as irreconcilable as fire and water.In an interview with Fox News on Friday, Trump said: "I'm not looking to have somebody go independent," adding that Taiwan should not expect a "blank check" from the US military.Foreign Minister Wang Yi, while briefing the media about the summit on Friday, said: "During the meeting, we felt that the US side understands China's position, attaches importance to China's concerns, and, just like the international community, does not stand for or accept Taiwan moving toward independence."Liu Kuangyu, a researcher at the Chinese Academy of Social Sciences' Institute of Taiwan Studies, said that at the landmark summit, China made clear its stance, its bottom line, propositions, and also sincere goodwill regarding Taiwan-related affairs."Rather than letting hostile sentiments spiral upward, the pragmatic exchanges reflected a shared readiness to reduce strategic miscalculations, mitigate cross-Strait tensions, and eliminate the risks of unintended military clashes," Liu said.He added that the proper and positive handling of the Taiwan question will substantially shape the outcomes achieved at the summit and determine how effectively the two sides can sustain constructive, strategic stability going forward.Liu said that if China and the US aim to solidify a major-country relationship over the coming years, the Taiwan question must serve as the primary entry point.Meanwhile, opposition parties and politicians in Taiwan severely condemned the ruling authorities for fabricating cross-Strait crises.Cheng Li-wun, chairwoman of the major opposition Chinese Kuomintang party, slammed the DPP's cross-Strait strategy, saying that "Taiwan independence" is a dead end that leads nowhere and the summit has shattered the DPP's international illusions.KMT lawmaker Niu Hsu-ting told reporters that the summit's ripple effects will gradually surface, and the US clearly signaled conflict reduction, pouring "cold water" over the DPP's long-held separatist stance and its flawed narrative of guaranteed military defense from the US.In a statement, Taiwan's Labor Party also warned that the DPP's separatist line remains the primary source of risk driving regional volatility.The party condemned the administration's continuous military expansion, specifically referencing the newly passed defense budget, of which NT$780 billion ($24.7 billion) has been earmarked for procuring arms from the US.It said that pouring vast public resources and taxpayers' money into endless weapon purchases directly sacrificed the livelihood of the grassroots.Looking ahead, Liu of the Institute of Taiwan Studies warned that the US must exercise the utmost prudence to prevent triggering a great-power confrontation and refrain from maintaining illicit ties with the Taiwan authorities across political, military, legal, economic and ideological domains."They must recognize that the past tactics of using Taiwan as a so-called pawn or tool to contain China have actually done more harm than good in the long run and ultimately boomeranged," he said.Only by translating political commitments into tangible actions can both nations consolidate the foundation of strategic mutual trust, he added.

The exchanges between the Chinese and US leaders on Thursday and Friday have provided much-needed strategic guidance for the future of China-US relations.The two sides agreed to build a "constructive China-US relationship of strategic stability". The "constructive strategic stability" means positive stability with cooperation as the mainstay, healthy stability with competition within proper limits, constant stability with manageable differences and lasting stability with expectable peace.The new vision for relations between the world's two largest economies indicates that both sides recognize the need to prevent confrontation and manage differences prudently. The Taiwan question remains the most important one among all the issues affecting bilateral ties. If it is handled properly, the Sino-US relationship will enjoy overall stability. Otherwise, China and the United States will have clashes and even conflicts, putting the entire relationship in great jeopardy.Yet certain forces in Washington continue to treat the Taiwan question as a "card" they can play to maximize US gains while claiming they value peace and stability in the region. Moves such as arms sales, political collusion and military signaling send the wrong message to "Taiwan independence" separatist forces on the Chinese island. "Taiwan independence" and cross-Strait peace are as irreconcilable as fire and water. The more external forces embolden separatist elements, the greater the risks to regional stability.The recent remarks made by the secessionist-minded leader of Taiwan, Lai Ching-te, via virtual link, at a so-called "democracy summit" in Copenhagen, once again exposed the separatist nature of the Democratic Progressive Party authorities. By attempting to portray his authorities as fighting for the "values" of the West, Lai sought external support for his separatist agenda while deliberately provoking cross-Strait tensions.The timing of Lai's remarks was particularly telling. They were delivered shortly before the US president's visit to Beijing.However, US President Donald Trump, in an interview with Fox News aired on Friday, warned the Taiwan authorities against pursuing "independence" under the illusion of unconditional US backing."They have somebody there now that wants to go independent," he said. "They want to get into a war" because "they figure they have the US behind them".Trump poured cold water on that, saying he is not looking to fight a war thousands of miles away.Yet the US leader also described Taiwan in the interview as "a very good negotiating chip" in dealing with Beijing — a remark that reflects a transactional and exploitative approach to the Taiwan question.For China-US relations to achieve steady, sound and sustainable development, the stumbling block of "Taiwan independence" must be decisively removed. The US should recognize the true nature of "Taiwan independence" forces — as alterers of the status quo in the Taiwan Strait, disruptors of cross-Strait peace, and troublemakers in regional affairs.Policymakers in Washington need to realize that the historical trend of the national reunification of China is irresistible. They should demonstrate genuine respect for China's core interests and major concerns. Beijing has made it clear that the Taiwan question is a red line in China-US ties that cannot be crossed.The outcomes achieved during the latest China-US economic and trade consultations, held in the Republic of Korea on Wednesday, demonstrate once again that despite differences and competition, China and the US still share extensive common interests and broad space for cooperation.No one should underestimate the complexity of managing China-US relations. Competition will continue to exist. Differences will not disappear overnight. But what matters most is whether both sides can manage these differences rationally, avoid strategic miscalculation and uphold the broader interests of peace and development.China and the US have more common interests than differences. The US has much to gain from a healthy Sino-US relationship and much to lose from playing unilateral tricks, zero-sum games or the "Taiwan card".Only when both sides address each other's core concerns, and especially when the US handles the Taiwan question with due prudence, can they jointly turn the agreed vision for bilateral ties into reality.

Viewpoint This Sunday with Malcolm Out Loud – It was a summit of superpowers like no other. Xi Jinping warned, "The Taiwan question is the most important issue in China-US relations." The midterms heat up with the courts weighing in on the redistricting battles. A panel discussion with former CIA, Del Wilber, Prof. Pedro Blas González, and General Paul Vallely. It's the road to a 'more perfect union' at...

Viewpoint This Sunday with Malcolm Out Loud – It was a summit of superpowers like no other. Xi Jinping warned, "The Taiwan question is the most important issue in China-US relations." The midterms heat up with the courts weighing in on the redistricting battles. A panel discussion with former CIA, Del Wilber, Prof. Pedro Blas González, and General Paul Vallely. It's the road to a 'more perfect union' at...

Kia ora. Welcome to Monday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. Today we lead with news financial market sentiment deteriorated sharply at the end of trading last week as war-driven inflation is being priced in more aggressively, because it will persist longer than earlier assumptions. Markets are shifting to a much more sceptical position on Trump policies & actions given the extended track record of failures. Higher long rates tend to feed on themselves when stress (like the Iran War) is elevated. And the US Fed is in no position to cut rates; in fact markets are guessing the chances of a hike are rising. These two pressures are pushing rates up. But first in the week ahead, locally we will be following updated population data this week, producer prices, credit card data, household and business expectations survey results, and retail sales, all for March. In Australia, the key data coming is for their April labour market, along with a key consumer sentiment survey and a key inflation expectations survey. Globally, apart from watching what is or isn't going on in the Persian Gulf, we will be tracking how bond markets are reacting to the Trump turmoil, US regional surveys and PMIs, and the UofM sentiment survey update. From China, there will be a raft of key data updates this coming week. There will be key industrial data out in Japan. And there will be PMI data out for India too. Indonesia's central bank will announce its latest monetary policy decision late Wednesday night. Over the weekend, analysts have been able to assess the results from the China-US summit. Those haven't been very positive. And it says a lot that Russian president Putin is in Beijing this week. Essentially the takeaways from the Beijing summit meetings between Xi and Trump have been underwhelming. It is notable that the Chinese have made no mention of the trade claims by the US, although there will be some. And they will be hoping Trump throws Taiwan under the bus after they stroked his ego. Meanwhile, the 'negotiations' between the US and Iran seem to have stalled completely. So no resolution to the Strait of Hormuz blockades. Oil prices are settling in, even rising, on fears of a much broader energy crisis. It has now been two months since Trump said the US would provide transit insurance for the Strait of Hormuz crossing. So far it has done no deals; zero. In the US, April industrial production jumped +0.7% from March to be +1.4% higher than year ago levels, and much more than expected. But it is all "business equipment" (read: AI data centers). This will be 'good' if it generates lasting increased productivity, but the rest of their factory sector is going backwards, even with 'tariff protections'. Consumer goods manufacturing shrank in April (-0.2%) from a year ago, construction stalled in April. In the New York region, there is a scramble to stockpile ahead for fast-rising cost increases. Business activity grew strongly there in May. US stockpiling may end up giving their Q2-2025 economic activity data an unexpected boost for the quarter. In Canada, housing starts jumped an impressive +17% in April from March to an annualised 279,300 units in April from the previous month, well above market forecasts of 240,000 units. But it is just back to year-ago levels (281,800). In Japan, machine tool orders surged +45% in April from a year ago, far exceeding market expectations. It maintains the much higher level it reached in March which was an all-time record, and by quite a margin. Both domestic and foreign orders leapt the at the same pace. Japan's producer prices rose +4.9% in April from a year ago, a surge from an upwardly revised +2.9% increase in March. That is an all-time high in a record that stretches back to 1960. Markets had expected a +3% rise. The usual suspects were the cause. Indian exports rose sharply in April, and were near their record high levels in March 2022. They had very good increases in both goods and service exports. Imports rose fast too, probably related to the rising cost of oil. Overall, their trade deficit shrank slightly in the month. The Russian economy is contracting, again. It is giving all the signs it is exhausted by its war on Ukraine, and this is despite its higher oil revenues. Manpower is a serious and probably unsolvable issue now that they have suffered excessive battlefield deaths. The UST 10yr yield is now just on 4.60%, unchanged from this time Saturday. For the week this is a +24 bps jump, one of the largest one-day jumps for quite some time. The price of gold will start today down -US$15 at US$4539/oz and down -US$184 for the week. Silver is down -US$1.50 at just over US$75.50/oz, down -US$5 for the week. American oil prices have stayed up at just over US$105.50/bbl, while the international Brent price is down -50 USc at just over US$109/bbl. A week ago these prices were US$99.50/bbl and US$101/bbl respectively. The Kiwi dollar is little-changed from Saturday at this time at 58.4 USc, down -120 bps for the week. Against the Aussie we are also unchanged at 81.7 AUc. Against the euro we are down -10 bps at just under 50.2 euro cents. That all means our TWI-5 starts today at just under  61.9 which is unchanged from yesterday, down -90 bps for the week to its lowest since early April.. The bitcoin price starts today at US$78,024 and down -1.5% from this time Saturday, down -4.2% from a week ago. Volatility over the past 24 hours has been low at just under +/- 0.6%. You can get more news affecting the economy in New Zealand from interest.co.nz. Kia ora. I'm David Chaston and we'll do this again tomorrow.

Xi Jinping hailed the US-China relationship as the world's most consequential, telling Trump: “We must make it work and never mess it up.” He also said Taiwan “is the most important issue in China-US relations” and it could create a “highly dangerous situation” if mishandled. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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The Chinese Foreign Ministry says the new vision for China–US relations agreed by the two presidents is conducive to the sustainable development of bilateral ties, as well as to global peace and prosperity.

US President Donald Trump's China visit has concluded, a trip that drew global attention and dominated headlines in both China and the United States. During the visit, Chinese President Xi Jinping announced a new vision for bilateral ties: Building a "constructive China-US relationship of strategic stability." What exactly does this new framework mean for the future of China-US relations? And how could this reshape global stability, trade, and geopolitics in the years ahead?

China and the United States will work toward building a constructive bilateral relationship of strategic stability, a new vision that President Xi Jinping and visiting US President Donald Trump agreed on to define how the world's two largest economies will handle their relations, during their summit in Beijing on Thursday.中美两国将致力于构建具有战略稳定性的建设性双边关系。这一新愿景由国家主席习近平与来华访问的美国总统特朗普于5月14日在北京会晤时共同提出，旨在为世界两大经济体未来的相处之道指明方向。During his talks with Trump at the Great Hall of the People, Xi said that China is committed to the steady, sound and sustainable development of China-US relations.习近平在人民大会堂同特朗普会谈时表示，中国致力于推动中美关系稳定、健康、可持续发展。The new vision will provide strategic guidance for China-US relations over the next three years and beyond, and should be welcomed by the people of both countries and the international community, he said.他指出，这一新愿景不仅将在未来三年乃至更长时间里为中美关系提供战略指引，也应赢得两国人民和国际社会的认可。Xi said that "constructive strategic stability" means positive stability with cooperation as the mainstay, sound stability with moderate competition, constant stability with manageable differences, and enduring stability with promises of peace.习近平表示，“建设性战略稳定”意味着以合作为主基调的积极稳定、以适度竞争为特点的健康稳定、以可控分歧为基础的持续稳定，以及以和平前景为保障的长久稳定。Building a constructive China-US relationship of strategic stability should not be a mere slogan, but concrete action taken by both sides toward the same goal, he added.他补充说，构建具有建设性战略稳定性的中美关系，不应只是口号，而应成为双方朝着共同目标采取的具体行动。Xi expressed his readiness to work together with Trump to set the course and steer the giant ship of China-US relations, in order to make 2026 a historic and landmark year opening a new chapter in bilateral ties.习近平表示，愿同特朗普一道把舵定向、驾稳中美关系这艘巨轮，推动2026年成为开启双边关系新篇章的历史性、里程碑式一年。Trump is on a three-day state visit to China, which started on Wednesday, the first by a sitting US president in nearly nine years.特朗普正在对中国进行为期三天的国事访问。此次访问于5月13日开启，是近九年来美国现任总统首次访华。During the talks, Xi urged the US to handle the Taiwan question with extra caution, saying that it is the most important issue in China-US relations.会谈期间，习近平敦促美方对台湾问题保持格外谨慎，并强调该问题在中美关系中的极端重要性。He emphasized that if handled properly, the bilateral relationship will enjoy overall stability. Otherwise, the two countries will have clashes and even conflicts, putting the entire relationship in great jeopardy, he said.他说，妥善处理台湾问题，中美关系便能在总体上保持稳定；一旦失当，两国将摩擦不断、甚至爆发冲突，令双边关系跌入巨大险境。Noting that "Taiwan independence" and cross-Strait peace are as irreconcilable as fire and water, Xi said that safeguarding peace and stability across the Taiwan Strait is the greatest common denominator between China and the US.习近平指出，“台独”与台海和平水火不容，维护台海和平稳定是中美双方最大的共同利益。Xi underlined the need for China and the US to find the right way for major countries to get along well with each other in the new era. He said that the two countries have more common interests than differences, that success of one is an opportunity for the other, and that a stable bilateral relationship is good for the world.习近平强调，中美需要在新时代找到大国正确相处之道。他说，两国共同利益大于分歧，一方成功亦是另一方的机遇，稳定的双边关系有利于世界。"China and the United States both stand to gain from cooperation and lose from confrontation. We should be partners, not rivals. We should help each other succeed and prosper together," he said.他说：“中美双方都能从合作中获益、从对抗中受损。我们应成为伙伴，而非对手，应彼此成就、共同繁荣。”Noting that transformation not seen in a century is accelerating across the globe and the international situation is fluid and turbulent, Xi said that the world has come to another crossroads.习近平指出，百年未有之大变局正在全球加速演进，国际形势复杂动荡，世界又一次来到十字路口。"Can China and the United States overcome the Thucydides Trap and create a new paradigm of major-country relations? Can we meet global challenges together and provide greater stability for the world? Can we build a bright future together for our bilateral relations in the interest of the well-being of the two peoples and the future of humanity? These are the questions vital to history, to the world and to the people. They are the questions of our times that the leaders of major countries need to answer together," Xi said.习近平说：“中美能否跨越‘修昔底德陷阱'，开创大国关系新范式？我们能否携手应对全球挑战，为世界带来更大稳定性？能否共同为双边关系开创光明未来，以造福两国人民和全人类未来？这些问题关乎历史、世界和人民，这些时代之问，需要各大国领导人共同作答。”On China-US economic and trade relations, Xi said that they are mutually beneficial and win-win in nature, and trade wars have no winners.谈及中美经贸关系时，习近平表示，中美经贸关系的本质是互利共赢，贸易战没有赢家。He said that where disagreements and frictions exist, equal-footed consultation is the only right choice.他说，对于存在的分歧与摩擦，平等协商是唯一正确的选择。Xi noted that the talks between economic and trade teams of the two countries, which were held in the Republic of Korea on Wednesday, produced generally balanced and positive outcomes, saying that this is good news for the people of the two countries and the world.习近平指出，两国经贸团队于5月13日在韩国举行的会谈总体取得了平衡、积极成果，这对两国人民和世界而言都是好消息。The two sides should jointly sustain the good momentum that they have worked hard to create, he said.他说，双方应共同维护来之不易的良好势头。Xi called on both countries to make better use of communication channels in the political, diplomatic and military fields, and expand exchanges and cooperation in areas such as the economy and trade, health, agriculture, tourism, people-to-people ties and law enforcement.习近平呼吁双方更好利用政治、外交、军事等领域沟通渠道，并在经贸、卫生、农业、旅游、人文交流和执法等领域扩大交流合作。Trump called Xi "a great leader" and China "a great country", saying that he has tremendous respect for the Chinese president and the Chinese people.特朗普称习近平是“一位伟大的领导人”，称中国是“一个伟大的国家”，并表示他对中国国家主席和中国人民怀有极大敬意。Noting that the meeting between Xi and himself was the biggest summit the world was watching, Trump said he will work together with Xi to strengthen communication and cooperation, properly handle differences, make bilateral relations better than ever before and embrace a fantastic future.特朗普表示，习近平同他的会晤是全球瞩目的重大峰会，他将同习近平一道加强沟通合作，妥善处理分歧，使双边关系比以往任何时候都更好，共同迎接美好未来。He said that the US and China are the most important and most powerful countries in the world, and together the two presidents can do a lot of big and good things for the two countries and the world.他说，美中作为世界上最重要、最强大的两个国家，两国元首携手合作，能为两国乃至世界带来许多重大而积极的改变。During the talks, the two presidents also exchanged views on major international and regional issues, such as the Middle East situation, the Ukraine crisis and the Korean Peninsula.会谈期间，两国元首还就中东局势、乌克兰危机以及朝鲜半岛等重大国际和地区问题交换意见。They agreed to support each other in hosting a successful APEC Economic Leaders' Meeting and G20 Summit this year.双方一致同意，相互支持，确保今年的亚太经合组织领导人非正式会议和二十国集团峰会成功举办。Before their talks, Xi held a grand welcoming ceremony for Trump on the square outside the eastern entrance of the Great Hall of the People. A 21-gun salute was performed on Tian'anmen Square. Both leaders reviewed the guard of honor of the People's Liberation Army.会谈前，习近平在人民大会堂东门外广场为特朗普举行隆重欢迎仪式，天安门广场鸣礼炮二十一响，两国元首共同检阅了中国人民解放军仪仗队。• steer /stɪə(r)/驾驭；掌舵• bilateral ties /baɪˈlætərəl taɪz/双边关系• state visit /steɪt ˈvɪzɪt/国事访问• jeopardy /ˈdʒepədi/危险境地• common denominator /ˈkɒmən dɪˈnɒmɪneɪtə(r)/最大公约数；共同点• Thucydides Trap /θjuːˈsɪdɪdiːz træp/修昔底德陷阱• guard of honor /ɡɑːd əv ˈɒnə(r)/仪仗队• People's Liberation Army /ˈpiːplz ˌlɪbəˈreɪʃən ˈɑːmi/中国人民解放军

The more than 600-year-old Temple of Heaven in Beijing provided a symbolic setting on Thursday for President Xi Jinping and US President Donald Trump as they posed for photos at the site after their closely watched talks earlier in the day.5月15日，在备受瞩目的中美元首会谈结束后，习近平主席与特朗普总统来到拥有六百多年历史的北京天坛合影留念，这座古建筑为两国关系增添了象征性注脚。The visit to the UNESCO World Heritage site added a cultural dimension to the summit between the leaders of the world's two largest economies.两国领导人的联合国教科文组织世界遗产地之行，为此次会晤增添了文化韵味。Built in 1420 during the Ming Dynasty (1368-1644), the architectural marvel welcomed the two leaders on an early summer afternoon, as ancient cypresses stood in quiet grace and a gentle breeze refreshed the air.这座建于明代（1368—1644）1420年的建筑瑰宝，在初夏午后迎接两位领导人，古柏静立，微风轻拂，空气清新宜人。Xi greeted Trump outside the Hall of Prayer for Good Harvests, the Temple of Heaven's iconic, triple-eaved, blue-tiled landmark.习近平在祈年殿外迎接特朗普。祈年殿是天坛标志性的三重檐蓝瓦建筑。The two presidents walked up the steps and entered the hall, where they viewed its architectural features, from the precise fittings of its mortise-and-tenon joints and interlocking wooden brackets to the seamless integration of astronomical calendar concepts with its structure.两国元首拾级而上，步入殿内，细细品味其建筑特色。从精密契合的榫卯结构、层层咬合的斗拱，到天文历法理念与建筑布局的巧妙融合，无不令人叹为观止。In the hall, they appreciated the concept of harmony among all things and respect for the law of nature.在殿内，两国元首共同感受“万物和谐”以及“尊重自然规律”的建筑设计理念。Xi noted that in 2017, he and Trump toured the Palace Museum along Beijing's Central Axis.习近平指出，2017年他曾与特朗普一同参观位于北京中轴线上的故宫博物院。The Temple of Heaven dates from the same period as the Palace Museum and embodies the idea that Heaven is round and Earth is square, reflecting the view of the universe and guiding philosophy of the Chinese people, he said.他说，天坛与故宫同属一个历史时期，其“天圆地方”的设计理念体现了中国人的宇宙观和思想哲学。Xi told Trump that ancient Chinese rulers would hold prayer ceremonies at the site for prosperity of the nation, happiness of the people and favorable weather for good harvests. It embodies the traditional Chinese ethos that people are the foundation of a country and only when the people lead a good life can the country thrive, he said.习近平告诉特朗普，中国古代帝王会在这里举行祭天仪式，祈求国泰民安、风调雨顺、五谷丰登。这体现了中国传统“民为邦本”的理念，只有人民生活幸福，国家才能繁荣兴盛。Xi said the Communist Party of China has inherited and carried forward the people-centered philosophy rooted in Chinese civilization, and has always adhered to its fundamental commitment of serving the people wholeheartedly, thereby gaining the firm support and heartfelt endorsement of the people.习近平表示，中国共产党继承并弘扬植根于中华文明的以人民为中心的发展思想，始终坚持全心全意为人民服务的根本宗旨，因此赢得了人民坚定支持与衷心拥护。Trump said he still has vivid memories of his 2017 visit to the Palace Museum. The Temple of Heaven, which has stood magnificently for more than six centuries, showcases the fine art of classical Chinese architecture as well as the splendid and profound traditional culture, he said.特朗普表示，他至今仍对2017年参观故宫博物院记忆犹新。他说，巍然屹立六个多世纪的天坛，展现了中国古典建筑艺术之美，也彰显了中华传统文化的辉煌与深厚。"It's great. Great place. Incredible. China is beautiful," Trump said.特朗普说：“太棒了。这是个伟大的地方，令人惊叹。中国很美。”Both the United States and China are great countries, and their peoples are both great and wise, Trump said, adding that the two countries should deepen mutual understanding and enhance friendship between their peoples.特朗普表示，美中两国都是伟大的国家，两国人民都伟大而智慧；双方应深化相互理解，增进人民友谊。The Temple of Heaven visit on Thursday continued a tradition in China-US diplomacy in which culturally significant venues are used to convey messages beyond the formal agenda. Trump's visit to the Temple of Heaven marked the first time in 51 years that a sitting US president had visited the landmark since then-US president Gerald Ford toured it during his visit to China in 1975.5月14日两国领导人到访天坛，延续了中美外交中借文化地标传递弦外之音的传统。特朗普由此成为51年来首位踏足天坛的美国现任总统。上一次美国现任总统到访此地，还要追溯到1975年杰拉尔德·福特访华期间。• UNESCO World Heritage site /juːˈneskəʊ wɜːld ˈherɪtɪdʒ saɪt/联合国教科文组织世界遗产地• summit /ˈsʌmɪt/峰会• cypresses /ˈsaɪprəsɪz/柏树• Hall of Prayer for Good Harvests /hɔːl əv preə fə ɡʊd ˈhɑːvɪsts/祈年殿• triple-eaved /ˈtrɪpl iːvd/三重檐的• blue-tiled /bluː taɪld/蓝瓦的• mortise-and-tenon joints /ˈmɔːtɪs ənd ˈtenən dʒɔɪnts/榫卯结构• interlocking /ˌɪntəˈlɒkɪŋ/相互咬合的• astronomical calendar /ˌæstrəˈnɒmɪkl ˈkælɪndə(r)/天文历法• Palace Museum /ˈpæləs mjuˈziːəm/故宫博物院• Central Axis /ˈsentrəl ˈæksɪs/中轴线

Donald Trump took a trip to China to meet President Xi Jinping. He was joined by the CEOs of a dozen top US corporations, including billionaires Elon Musk, Jensen Huang of Nvidia, Tim Cook of Apple, Larry Fink of BlackRock, and Stephen Schwarzman of Blackstone. Ben Norton explains how Beijing won the trade war that was started by Washington, how China has significant leverage (in manufacturing, supply chains, critical minerals, and rare earths), and how the US economy is in a very bad state. VIDEO: https://www.youtube.com/watch?v=y7MnTzKOANg Topics 0:00 Trump's visit to China 0:27 US trade war backfired 1:25 Trump joined by top CEOs 1:56 Elon Musk 2:20 Jensen Huang of Nvidia 2:47 Tim Cook of Apple 2:58 BlackRock and Blackstone 3:22 More CEOs with Trump 4:17 US CEOs meet Xi Jinping 5:31 USA is an oligarchy 6:23 China's massive market 6:57 Nvidia lost Chinese market 8:02 China's self-sufficiency drive 9:15 Manufacturing superpower 10:50 Tesla EVs made in Shanghai 11:25 US tariffs on Chinese EVs 12:21 China has the upper hand 13:00 US trade war 14:42 China-US trade 16:08 Rare earth elements 17:07 Critical minerals 18:18 New supply chain efforts 18:59 Pax Silica 19:41 Why US rhetoric changed 20:40 Iran war 22:51 US sanctions on China 24:20 Inflation in USA 25:41 Trump is very unpopular 26:33 K-shaped economy 27:25 Inequality 28:05 China exported deflation 29:31 US tariffs boost inflation 30:27 China in stronger position 31:07 Outro

Today's top stories, with context, in just 15 minutes.On today's podcast:1) Chinese President Xi Jinping warned President Trump of a potential conflict if the Taiwan issue is mismanaged, saying it is the most important issue in China-US relations. Xi said that if the Taiwan issue is mishandled, the two nations will experience collision or even clashes, pushing the entire China-US relationship into a highly dangerous situation. The US and China discussed various issues, including expanding market access for US businesses, purchasing US energy and agriculture, and addressing the flow of fentanyl precursors, but the Taiwan issue remains a point of tension.2) The Senate confirmed Kevin Warsh as chair of the Federal Reserve with a 54-45 vote, the slimmest confirmation margin ever for a head of the central bank. The confirmation sets up a test of the Fed's political independence, with Democrats fearing Warsh will bend to President Donald Trump's demands to rapidly lower interest rates. Warsh vowed to maintain the Fed's tradition of making interest-rate decisions free from political pressure, but Trump has made it clear he expects Warsh to lower borrowing costs immediately.3) Cisco gained in late trading after delivering a better-than-anticipated sales forecast and announcing plans to cut thousands of jobs to focus on the fast-growing AI market. The company said revenue will be $16.7 billion to $16.9 billion in the fiscal fourth quarter, and its restructuring plan is designed to further improve its position in the AI economy. The layoffs will affect fewer than 4,000 jobs, and the company will make strategic investments in areas such as silicon chips, fiber optics, security, and the use of AI by its own employees.See omnystudio.com/listener for privacy information.

World news in 7 minutes. Friday 15th May 2026.Today : China-US talks. Philippines senator escape. India storm. Equatoria Guinea plea. Cote d'Ivoire cocoa rot. Morocco soldier. Brazil subsidy. Bolivia protesters. US Lutnick Epstein. Latvia PM resigns. UK PM doesn't. Russia Ukraine attacks. France expensive steps.SEND7 is supported by our amazing listeners like you.Our supporters get access to the transcripts and vocabulary list written by us every day.Our supporters get access to an English worksheet made by us once per week.Our supporters get access to our weekly news quiz made by us once per week.We give 10% of our profit to Effective Altruism charities. You can become a supporter at send7.org/supportWith Stephen DevincenziSign up for the new free Friday newsletter! www.send7.org/newsletterContact us at podcast@send7.org or send an audio message at speakpipe.com/send7Please leave a rating on Apple podcasts or Spotify.We don't use AI! Every word is written and recorded by us! We do not consent to the podcast being used to train AI.Since 2020, SEND7 (Simple English News Daily in 7 minutes) has been telling the most important world news stories in intermediate English. Every day, listen to the most important stories from every part of the world in slow, clear English. Whether you are an intermediate learner trying to improve your advanced, technical and business English, or if you are a native speaker who just wants to hear a summary of world news as fast as possible, join Stephen Devincenzi, Juliet Martin and Ben Mallett every morning. Transcripts, vocabulary lists, worksheets and our weekly world news quiz are available for our amazing supporters at send7.org. Simple English News Daily is the perfect way to start your day, by practising your listening skills and understanding complicated daily news in a simple way. It is also highly valuable for IELTS and TOEFL students. Students, teachers, TEFL teachers, and people with English as a second language, tell us that they use SEND7 because they can learn English through hard topics, but simple grammar. We believe that the best way to improve your spoken English is to immerse yourself in real-life content, such as what our podcast provides. SEND7 covers all news including politics, business, natural events and human rights. Whether it is happening in Europe, Africa, Asia, the Americas or Oceania, you will hear it on SEND7, and you will understand it.Get your daily news and improve your English listening in the time it takes to make a coffee.For more information visit send7.org/contact or send an email to podcast@send7.org

Wes Streeting's resignation is the latest domino to fall amid the threat to Keir Starmer's premiership, in a chain reaction that could lead to months of chaos. Ed Balls and George Osborne evaluate where the government and Keir Starmer can go from here. Should he resign? And how would Andy Burnham, Angela Rayner, Ed Miliband, and the wildcard option of Al Carns, fare against him in a leadership contest? News of Streeting's departure came between our live YouTube stream and recording of this episode – so listen for Ed and George's instant reaction.Fresh from a trip to Canada, George suggests the success of Mark Carney, or Australia's Albert Albanese, could be a template used as a template for a Labour government to rebound, regardless of leader. Does it show Labour needs to take a bolder stance on issues like fossil fuels and immigration? And finally, as President Trump continues his consequential trip to Beijing, the pair assess how the China-US relations could be vital for Trump in this year's mid-terms. Does Trump need Xi more than he needs him? And are the two countries inseparable no matter the strength of their relationship? We love hearing from you, so please don't forget to send all your EMQs to questions@politicalcurrency and make sure to include a voice note of your question or send a question to our social media handles:

The Chinese and US heads of state have discussed issues such as trade and the Taiwan question during a state visit by the US president, who leads a delegation of business leaders (01:17). The International Maritime Organization has convened a meeting to discuss ways to help crew members aboard ships trapped in the Strait of Hormuz (18:19). And a norovirus outbreak has hit a cruise ship in Bordeaux, France where dozens of people have shown digestive symptoms (25:20).

Chinese President Xi Jinping welcomed US President Donald Trump to Beijing on Thursday as the American leader began his state visit to China. Meeting his counterpart at the Great Hall of the People, President Xi said he expects 2026 to be a "historic, landmark year" that opens up a new chapter in China-US relations. Meanwhile, President Trump said the relationship between China and the United States will be "better than ever before." Both leaders have agreed on a new vision of building a constructive China-US relationship of strategic stability. What can we expect from Trump's visit? How can the heads-of-state meeting help steer China-US relations steadily forward?

On Episode 873 of The Core Report, financial journalist Govindraj Ethiraj talks to Atul Chaturvedi, Chairman of the Asian Palm Oil Alliance as well as Indrani Bagchi, CEO at Ananta Aspen Centre.SHOW NOTES(00:00) Stories of the Day(00:50) Markets rise on China-US talks as a sign of possible peace in West Asia(03:19) India's Whole Sale Price Inflation jumps sharply(06:43) Can India reduce its dependence on cooking/vegetable oil?(13:46) What will a ban on sugar exports mean?(17:23) Viewing the China-US talks in Beijing right now through an Indian lensCheck out our Live Earnings tracker: https://earnings.thecore.in/For more of our coverage check out ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠thecore.in⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Subscribe to our Newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Follow us on:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Twitter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ |⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ |⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ |⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Linkedin⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ |⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Youtube⁠⁠⁠⁠⁠⁠

① China and the US have agreed to work towards a constructive relationship of strategic stability. Are the two sides opening up a new chapter in bilateral ties? (00:53) ② We talk to a senior official at World Trade Centers Association on China-US commercial ties and globalization. (15:24) ③ What's at stake in a BRICS foreign ministers' meeting hosted by India? (24:59) ④ Kevin Warsh has won Senate confirmation as the next Federal Reserve chair. Will he maintain the Fed's independence? (34:31) ⑤ Why is Nissan failing to make a profit? (44:39)

China and the United States should find the right way for major countries to get along well with each other in the new era, President Xi Jinping said on Thursday.Xi made the remarks during his talks with visiting US President Donald Trump at the Great Hall of the People in Beijing.5月14日，国家主席习近平在北京人民大会堂与美国总统唐纳德·特朗普举行会谈。习近平指出，中美应当在新时代探索大国之间的正确相处之道。Xi stressed that the two countries have more common interests than differences, success in one is an opportunity for the other, and a stable bilateral relationship is good for the world.习近平强调，两国拥有的共同利益大于分歧，一方的成功也是另一方的机遇，稳定的中美双边关系有益于世界。"China and the United States both stand to gain from cooperation and lose from confrontation. We should be partners, not rivals. We should help each other succeed and prosper together," he said.他指出：“中美双方都能从合作中受益、从对抗中受损。我们应当成为伙伴，而不是对手，应当相互成就、共同繁荣。”Noting that transformation not seen in a century is accelerating across the globe and the international situation is fluid and turbulent, Xi said that the world has come to another crossroads.习近平指出，百年未有之大变局正在加速演进，国际形势复杂多变，世界已来到新的十字路口。"Can China and the United States overcome the Thucydides Trap and create a new paradigm of major-country relations? Can we meet global challenges together and provide greater stability for the world? Can we build a bright future together for our bilateral relations in the interests of the well-being of the two peoples and the future of humanity? These are the questions vital to history, to the world and to the people. They are the questions of our times that the leaders of major countries need to answer together," Xi said.“中美能否跨越‘修昔底德陷阱'，开创大国关系新范式？能否携手应对全球挑战，为世界提供更大稳定性？能否为双边关系共同开创光明未来，使之造福两国人民福祉与全人类？这些问题关乎历史、世界与人民，至关重要。这是时代之问，需要各大国领导人共同作答。”He expressed the hope that 2026 will be a historic and landmark year for China-US relations.他表示，希望2026年成为中美关系具有里程碑意义的一年。• fluid /ˈfluːɪd/不稳定的• well-being /ˌwel ˈbiːɪŋ/福祉• landmark /ˈlændmɑːk/里程碑

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Xi Jinping warned Donald Trump of a potential conflict over Taiwan if the issue is mismanaged, saying it could push the China-US relationship into a highly dangerous situation.(2) Angela Rayner, the UK’s former deputy prime minister, has been cleared of deliberate wrongdoing in an investigation into her tax affairs, potentially paving the way for a leadership bid against Prime Minister Keir Starmer.(3) European Union leaders must show courage in strengthening the bloc’s foundations, according to European Central Bank President Christine Lagarde. “Europe now finds itself in a world that is far less forgiving of the gaps in its institutional architecture,” she said Wednesday in Aachen, Germany. “Institutions that were built for an earlier age are being tested by demands they were not fully designed to meet.”(4) The US Senate narrowly confirmed Kevin Warsh as chair of the Federal Reserve, setting up the most controversial leadership transition at the US central bank in decades and a test of its political independence.(5) More UK estate agents have reported falling house prices in April as the war in Iran and elevated borrowing costs hit buyer confidence, according to a closely watched survey.(6) Back in the 2000s, the market for pension risk transfers was an eat-what-you-kill industry, and pickings were slim. Nearly two decades on, PRTs are a much easier sell and there are £1.3 trillion of assets to fight for. Podcast Conversation: Stressed? Overscheduled? There’s More Time in the Day Than You ThinkSee omnystudio.com/listener for privacy information.

US President Donald Trump's visit to Beijing comes at a moment of deep global uncertainty and shifting power dynamics. Leading executives from major US tech companies have also been invited to join the trip. What defines the current state of ties between the world's two largest economies? What still binds them together? And can this visit help stabilize a turbulent world and reshape the future of China-US relations?

① Meeting UNESCO's director-general in Beijing, Xi Jinping says China is ready to work with the UN agency to expand access to the benefits of educational, scientific and cultural development. What has China contributed to UNESCO? (00:56) ② China's ambassador to the US did an interview with Newsweek ahead of President Donald Trump's visit to China. We explore the key messages sent by Beijing in this interview. (13:53) ③ We speak to a senior China advisor at the Carter Center in the US on Trump's China visit and China-US relations. (25:11) ④ Before the arrival of conventional summer period, India is already battling with record-breaking heat waves. What concerns is it raising? (35:24) ⑤ Why did China's exports in services see remarkable growths in this year's first quarter? (45:22)

As the world's two largest economies, China and the United States can benefit businesses on both sides and inject fresh momentum into global economic recovery by finding more common ground and working together to manage differences, said economists and business executives.经济学家和商界高管认为，中美作为全球最大的两个经济体，若能在更多领域凝聚共识，携手管控分歧，不仅能让两国企业从中受益，也能为全球经济复苏注入新的动力。The structural complementarity between the two nations, which spans manufacturing, technology and services, is too significant to be disrupted by trade frictions, they added.专家表示，中美在制造业、科技、服务业等领域存在着深厚的结构性互补，这种互补关系之牢固，绝非贸易摩擦所能撼动。"American companies are continuing to invest. American companies aren't going anywhere," said Sean Stein, president of the US-China Business Council, countering the narrative that US businesses are leaving China.美中贸易全国委员会会长肖恩·斯坦驳斥了“美资企业正在撤离中国”的说法。他强调：“美国企业仍在持续投资。它们哪儿也不会去。”"It's not just the China market anymore; it's the China platform," he said, noting that the platform encompasses everything — from consumer access and partnerships with local enterprises to research and development and supply chain resilience — which is "only becoming more important".他进一步指出：“这已不仅仅是‘中国市场'的概念，而是‘中国平台'。”他表示，这个平台涵盖了触达消费者、与本土企业合作、研发到供应链韧性等方方面面，其重要性“与日俱增”。Stein emphasized that coming to China will help US business leaders develop a clearer view and a more realistic understanding of where China stands. Until that happens, it is easy to imagine dangers and concerns that may not be as serious as they seem, he said. "Twenty-five years ago, no one came to China to do R&D. Now what I'm seeing is that the best companies are coming and doing some of their most important R&D," he added.斯坦还强调，亲自来中国走一走、看一看，有助于美国商界领袖更清晰、更真实地了解中国的真实情况。在此之前，人们很容易想象出那些或许并不如想象中严重的风险和忧虑。“25年前几乎没有人会来中国做研发，而现在，我看到的是最优秀的企业纷纷来到这里并开展一些最具分量的研发工作。”According to data from the Ministry of Commerce, foreign direct investment in China's high-tech industries surged 30.7 percent year-on-year to 102.73 billion yuan ($15.12 billion) in the first quarter of 2026, pushing the sector's share in total FDI to 41.2 percent.来自商务部的数据显示，2026年第一季度，中国高技术产业实际使用外资同比增长30.7%，达1027.3亿元人民币（约合151.2亿美元），高技术产业占全国实际使用外资的比重升至41.2%。Eric Zheng, president of the American Chamber of Commerce in Shanghai, said that if US companies want to remain globally competitive, they should invest in China. "A US company that can thrive in China can succeed in many other markets around the world. The experience and capabilities built here can be directly applied elsewhere," he said.上海美国商会会长郑艺表示，美国企业若想保持全球竞争力，就应该到中国投资。“一家能够在中国蓬勃发展的美国企业，同样有能力在全球众多其他市场取得成功。在中国积累的经验和能力，是可以在其他地方直接复用的。”Zheng added that the complementarity of the US-China economic relationship means that stable and predictable bilateral trade ties serve the fundamental interests of both nations and greatly benefit businesses on both sides.郑艺还指出，中美经济关系的互补性决定了稳定、可预期的双边贸易关系不仅符合两国根本利益而且对双方企业都大有裨益。Geoff Martha, chairman and CEO of the US-based medical technology company Medtronic, said that China is not only a market with the potential to become the world's largest market for medical technology, but also a valuable partner.美国美敦力公司董事长兼首席执行官杰夫·马萨表示，中国不仅是有潜力成为全球最大医疗器械市场的国家，更是一个值得珍视的合作伙伴。"That commitment is reflected in our long-term investments," he said. "We see strong alignment between China's focus on new quality productive forces and Medtronic's work to develop next-generation technologies that can improve care and expand access for patients."他说：“这一承诺充分体现在我们的长期投资中。我们看到，中国着力推动的新质生产力，与美敦力致力于研发新一代医疗技术、提升诊疗水平、惠及更多病患的努力高度契合。”Surveys indicate that US businesses prefer stability over confrontation. In late April, a white paper released by the American Chamber of Commerce in China noted that more than half of US companies in China still rank the country among their top three global investment destinations.多项调查显示，美国企业更倾向于稳定而非对抗。4月下旬，中国美国商会发布的白皮书指出，在华美资企业中，有超过一半仍将中国列为其全球三大投资目的地之一。Liao Fan, director of the Chinese Academy of Social Sciences' Institute of World Economics and Politics, said that despite years of trade tensions and escalating rhetoric, the underlying economic logic of China-US cooperation remains intact.中国社会科学院世界经济与政治研究所所长廖凡指出，尽管经历多年贸易摩擦和言辞交锋不断升级，但中美合作的深层经济逻辑并未动摇。"You cannot decouple two economies that have been interwoven together over decades through investment, supply chain integration and market interdependence. The cost of separation would be measured in trillions of dollars and millions of jobs," Liao said.“中美两国经济数十年来通过投资、供应链整合和市场相互依存而紧密交织在一起，根本无法‘脱钩'。强行分离需要付出的代价，将是以万亿美元和数百万个工作岗位来衡量的。”Zhang Yansheng, a researcher at the Chinese Academy of Macroeconomic Research, noted that China and the US are not only very important for each other, but their relationship is of utmost importance for the world.中国宏观经济研究院研究员张燕生指出，中美两国不仅对彼此极为重要，中美关系更是对整个世界至关重要。According to the International Monetary Fund, the combined nominal GDP of China and the US accounted for nearly 45 percent of the global economy in 2025. A report released in March by the US-based McKinsey Global Institute also showed that the decline in US-China trade reduced global trade growth by around 10 percent last year.根据国际货币基金组织的数据，2025年中美两国的名义GDP合计占全球经济总量的近45%。麦肯锡全球研究院3月发布的一份报告也显示，去年中美贸易额的下降导致全球贸易增速放缓了约10个百分点。He Weiwen, a senior fellow at the Beijing-based think tank Center for China and Globalization, said that for the relationship to be truly fair and mutually beneficial, the US must remove the unreasonable restrictions it has imposed on China.全球化智库（CCG）高级研究员何伟文表示，要实现中美关系真正的公平互利，美方必须取消其对中国施加的不合理限制。encompass /ɪnˈkʌmpəs/涵盖，包含decouple /diːˈkʌpəl/脱钩alignment /əˈlaɪnmənt/契合，一致性interwoven /ˌɪntəˈwəʊvən/紧密交织的think tank /ˈθɪŋk tæŋk/智库impose on /ɪmˈpəʊz ɒn/强加于

When China-US relations make headlines, the focus is often on rivalry, confrontation, and strategic differences. But beyond that, cooperation is still taking place in more practical ways. In this segment of The Hub, Wang Guan speaks with Zhao Xiuye, a PhD candidate at Tsinghua University's School of Public Policy and Management and a participant of a youth program between China and the US, about the role of people-to-people exchanges, and the growing importance of sub-national cooperation between Chinese provinces and US states. From AI, climate change and clean energy to education and local-level dialogue, the discussion explores where cooperation remains possible, even when national politics get complicated.

Beijing said on Monday that it was ready to work with the United States to expand cooperation, manage differences and inject more stability and certainty into a turbulent and changing world as it confirmed that US President Donald Trump will pay a three-day state visit to China starting from Wednesday.According to Foreign Ministry spokesman Guo Jiakun, President Xi Jinping will hold in-depth exchanges with Trump on issues concerning China-US relations as well as major issues related to world peace and development.The visit will mark Trump's first trip to China during his second term in office and the first visit to China by a US president in nine years.Noting that head-of-state diplomacy has played an irreplaceable strategic guiding role in China-US relations, Guo told a regular press briefing that China is willing to work with the US in the spirit of equality, respect and mutual benefit to expand cooperation, manage differences and provide more stability and certainty for a transforming and volatile world.Since Trump secured re-election in November 2024, the two heads of state have spoken five times over the phone and held one face-to-face meeting, maintaining regular communication as Beijing and Washington seek to keep bilateral relations on a stable track.Speaking on a television program on Sunday, Trump said that he was looking forward to visiting China again and believed the upcoming trip would be "amazing", adding that his relationship with President Xi was "very good".Su Xiaohui, deputy director of the Department for American Studies at the China Institute of International Studies, said head-of-state diplomacy has consistently served as the "anchor" of China-US relations.Direct communication between the two leaders, she said, can help both sides better understand each other's intentions, avoid miscalculation, grasp the overall direction of bilateral ties and explore ways to build a relationship that is strategic, constructive and stable.Diao Daming, a professor at Renmin University of China, said that given the complexity of China-US relations, the significance of Trump's visit lies not in resolving all issues at once, but in whether the two sides can use top-level communication to address each other's concerns and send more positive signals to the world.Washington should view China objectively, develop a rational perception of China and work with Beijing in the same direction, rather than approach bilateral ties from a position of strength, he added.Diao said that both sides should expand areas of cooperation, reduce the list of problems, and ensure that economic and trade ties continue to serve as a ballast and driver of bilateral relations rather than a source of friction and conflict.Regarding the technological landscape, experts have pointed out a current "truce" that offers a window for structured dialogue.Martin Chorzempa, a senior fellow at the Peterson Institute for International Economics, said during an event last week that "the technology front looks relatively calm compared to past administrations".Chorzempa suggested that high-level engagement could help cement this atmosphere, noting that many restrictive measures have been "walked back or paused" over the last year as both nations seek to avoid further escalation.Sourabh Gupta, a senior fellow at the Institute for China-America Studies, told China Daily that extending the trade and technology truces established at earlier high-level meetings remains a top priority.He suggested that setting a clear framework for conversation is vital for creating a stable environment throughout the current administrative terms. He added that artificial intelligence has emerged as a significant area where both nations recognize a mutual interest in risk management.Scott Kennedy, senior advisor and trustee chair in Chinese business and economics at the US-based Center for Strategic and International Studies, said during a news briefing earlier that the current trajectory reflects a period of relative confidence. He said that as the two sides prepare for senior-level dialogues, "China has the right to be confident that they are doing very well bilaterally". He added that as long as the trajectory remains stable, the outcome favors bilateral health.While both sides are seeking to expand cooperation, managing differences and sensitive issues — particularly the Taiwan question — is also expected to be high on the agenda.During a phone conversation with US Secretary of State Marco Rubio in late April, Foreign Minister Wang Yi said the Taiwan question concerns China's core interests and remains the biggest risk in China-US relations. He urged Washington to honor its commitments, make the right choice and create new space for bilateral cooperation while making due efforts for world peace.Bonny Lin, director of the China Power Project at the Center for Strategic and International Studies, said that stability in the overall relationship is predicated on mutual understanding. Referring to official positions, Lin pointed out that fulfilling international obligations on this question is viewed as "a necessary prerequisite for the stable, sound and sustainable development of China-US relations". Experts suggest that maintaining clear communication on these foundational concerns remains essential for avoiding miscalculations.

The upcoming visit to China by United States President Donald Trump presents a cherished opportunity to help stabilize and refine China-US relations at a time of growing global uncertainty.During his talks with President Trump over phone in February, President Xi Jinping stressed that the two sides should make this year one of mutual respect, peaceful coexistence and win-win cooperation, while steering the giant ship of China-US relations steadily forward through winds and storms and accomplishing more big things and good things.President Trump's prospective visit comes at a time when the world economy faces sluggish growth, supply chains remain under pressure, geopolitical tensions persist and financial uncertainty lingers. Against this backdrop, closer China-US coordination would help stabilize global expectations, support international markets and reinforce confidence in the global economic recovery.Under such conditions, it is important for the two leaders to have candid and in-depth face-to-face talks to explore how the two countries can work together to properly address key international and regional issues, and advance practical cooperation, which is not only in line with the common interests of China and the US, but also beneficial to the peace, stability and development of the wider world.The world's two largest economies remain deeply embedded in global value chains despite the tariff war, sanctions and "de-risking" moves on the part of the US. US companies continue to rely on the Chinese market; Chinese enterprises continue to value stable trade and investment relations with the US. Even amid fierce rivalry over semiconductors and advanced technologies, neither side can escape the costs of economic estrangement. This creates space for pragmatic negotiation and cooperation.President Xi has emphasized in his phone talks with the US leader that the two sides should adhere to the common understandings reached, enhance dialogue and communication, properly manage their differences and expand practical cooperation. China always means what it says and matches its words with actions and results. As long as both sides move in the same direction on the basis of equality, mutual respect and mutual benefit, they can find ways to address each other's concerns.Climate governance, anti-narcotics coordination, artificial intelligence regulation, macroeconomic stabilization and crisis management all remain areas where the two sides have shared incentives to work together.But any sustainable stabilization requires confronting what is the political foundation of the relationship: the Taiwan question.The Taiwan question is not simply one issue among many, but the core of China's core interests and the most sensitive red line in bilateral relations. Respect for the one-China principle and the three China-US joint communiques is not a negotiable diplomatic preference. It is the indispensable precondition for stable ties.US policymakers should not underestimate how fundamental the Taiwan question is to stable ties. Managing differences prudently and avoiding miscalculation on the Taiwan question is essential not only for bilateral stability, but also for peace and security in the Asia-Pacific region.In a world facing growing uncertainty and fragmentation, maintaining stable China-US relations remains a shared responsibility of the two major countries. Strengthening communication, managing differences prudently and expanding mutually beneficial cooperation would not only serve the interests of both peoples, but also contribute positively to the world. A descent into unchecked rivalry between the world's two largest economies would benefit no one.

Expanded cooperation between China and the United States will help reinforce the stability of global industrial and supply chains, while generating fresh momentum in advanced manufacturing, premium consumption and innovation-driven industries, said analysts and business executives of both sides.中美两国分析人士及企业高管表示，扩大中美合作有助于巩固全球产业链供应链稳定，同时为高端制造业、高端消费及创新驱动产业注入新动能。They also said that stable China-US economic ties are vital to safeguarding global supply chains, and the two countries have shared interests in sectors including frontier technologies that far outweigh any tariff game.他们还表示，稳定的中美经贸关系对维护全球供应链至关重要，两国在前沿技术等领域拥有远超关税博弈的共同利益。Companies are also eyeing emerging business opportunities, as the two economies remain highly complementary. China maintains strengths in manufacturing capacity, supply chain integration and industrial efficiency, while the US continues to lead in high-end consumption, technological innovation and service-related demand.由于中美两大经济体仍具备高度互补性，企业也在紧盯新兴商业机遇。中国在制造产能、供应链整合及产业效率方面保持优势，而美国在高端消费、技术创新和服务需求领域持续领跑。Da Wei, a professor of international relations at Tsinghua University, said that amid rising geopolitical and economic uncertainties, including growing energy security concerns surrounding the Strait of Hormuz, stable China-US economic ties are crucial to safeguarding global supply chains, supporting trade flows and strengthening long-term industrial ties.清华大学国际关系教授达巍表示，在地缘政治与经济不确定性不断上升、霍尔木兹海峡能源安全担忧加剧的背景下，稳定的中美经贸关系对于维护全球供应链、保障贸易流通、夯实长期产业合作纽带意义重大。He Wei wen, a senior fellow at the Beijing-based think tank Center for China and Globalization, said the two countries should place greater emphasis on cooperation in artificial intelligence and other frontier technologies, as China and the US have enormous shared interests and opportunities in trade and investment related to open-source AI, big data, quantum computing, 6G, robotics, green transformation and biotechnology.智库全球化智库高级研究员何伟文表示，两国应更加重视人工智能等前沿技术领域合作，中美在开源人工智能、大数据、量子计算、6G、机器人、绿色转型及生物技术相关的贸易投资领域拥有巨大共同利益与合作空间。Speaking at a sub-forum of the Bo ao Forum for Asia Annual Conference 2026 in Bo ao, Hainan province, in late March, Carlos Gutierrez, former US secretary of commerce, said the world would benefit from a more stable and constructive economic relationship between China and the US, with both sides ensuring that opportunities remain open and mutually accessible.3 月下旬，美国前商务部长卡洛斯・古铁雷斯在海南博鳌举办的 2026 年博鳌亚洲论坛年会分论坛上表示，中美建立更稳定、更具建设性的经贸关系将惠及全球，双方应确保市场机遇保持开放、相互互通。If the two sides can find ways to manage differences and establish a framework for coexistence, it could provide a model for the global system, he said.他称，若双方能够管控分歧、构建共处框架，将为全球治理体系提供范本。China's strategic role in the global supply chain and its vast market are becoming increasingly prominent for US companies. Nathaniel Madarang, president for the Asia-Pacific region at Goodyear Tire & Rubber Co, said that China is not just a market or a production base, but is increasingly a vibrant market, a competitive manufacturing base and an innovation hub.对美国企业而言，中国在全球供应链中的战略地位及庞大市场愈发凸显。固特异轮胎亚太区总裁表示，中国不仅是市场和生产基地，更日渐成为充满活力的消费市场、具备竞争力的制造基地和创新高地。In addition to operating three plants and two research and development centers with 4,000 employees across China, the US tire manufacturer leverages the country as an export platform, supplying tires from its Chinese factories to markets in the Asia-Pacific region.这家美国轮胎制造商在华运营三家工厂和两座研发中心，拥有 4000 名员工，同时将中国作为出口平台，从在华工厂向亚太市场供应轮胎产品。Noting recent visits to China by several US business leaders — including Ray Dalio, founder of asset management firm Bridge water Associates, and Stephen Schwarzman, chairman of investment firm Blackstone Inc — Wang Guan nan, spokeswoman for the China Council for the Promotion of International Trade, said that despite mounting external uncertainties, business communities in both China and the US continue to favor cooperation over confrontation, underscoring strong demand for deeper economic ties.中国国际贸易促进委员会发言人王冠楠谈及近期桥水基金创始人瑞・达利欧、黑石集团董事长苏世民等多位美国商界领袖访华时表示，尽管外部不确定性持续增加，中美工商界仍坚持选择合作而非对抗，凸显双方深化经贸往来的强烈诉求。With global trade flows changing and regional demand increasing, China's trade with the US dropped 16.6 percent year-on-year to $128.68 billion in the first quarter of 2026. At the same time, trade with the Association of Southeast Asian Nations rose 18.4 percent in US dollar terms, and trade with the European Union increased 17.6 percent, data from the General Administration of Customs showed.海关总署数据显示，受全球贸易格局变动、区域需求增长影响，2026 年一季度中美贸易额同比下降 16.6%，至 1286.8 亿美元；同期中国与东盟贸易额以美元计价增长 18.4%，与欧盟贸易额增长 17.6%。Huang Kai, vice-president of Fujian Zhong jing Petrochemical Co, the largest private petrochemical company in Fujian province in terms of production capacity, said that stable China-US trade ties are important for the company to ensure operational stability and support steady business growth.福建省产能规模最大的民营石化企业福建中景石化副总经理黄凯表示，稳定的中美贸易关系对企业维持经营稳定、实现业务稳步发展至关重要。The company imported 308,000 metric tons of propane from the US in the first four months of this year, accounting for 34.8 percent of its total propane imports, according to Fuzhou Customs.据福州海关数据，今年前四个月，该企业从美国进口丙烷 30.8 万吨，占其丙烷总进口量的 34.8%。JAC Auto Parts (Ningbo) Co, an automotive parts manufacturer based in Ningbo, Zhejiang province, counts the US among the company's core export markets. Its exports to the US rose 30 percent year-on-year to 40 million yuan ($5.88 million) in 2025, said Ningbo Customs.宁波海关表示，位于浙江宁波的汽车零部件企业江淮汽车零部件（宁波）有限公司将美国列为核心出口市场，2025 年对美出口额同比增长 30%，达 4000 万元人民币，折合 588 万美元。Yang Wei guo, the head of the company's foreign trade unit, said, "The US is not only a major automotive market, but also one of our most important export destinations, and a key import source of core auto components such as rollers and anti-collision beams."该公司外贸部门负责人杨伟国表示：“美国不仅是重要的汽车消费市场，也是我们核心出口目的地，更是辊轴、防撞梁等汽车核心零部件的重要进口来源地。”Yang said the Chinese and US automotive markets remain highly complementary, adding that stable and constructive China-US economic and trade relations are essential to the company's long-term development and steady operations.杨伟国称，中美汽车市场依旧高度互补，稳定且具有建设性的中美经贸关系，是企业长远发展和稳健经营的重要保障。reinforce /ˌriːɪnˈfɔːs/ v. 巩固；加强frontier /ˈfrʌntɪə(r)/ n. 前沿；边界complementary /ˌkɒmplɪˈmentri/ adj. 互补的underscore /ˌʌndəˈskɔː(r)/ v. 强调；凸显

Chinese companies operating in the United States remained largely profitable last year despite geopolitical tensions, according to a recently released survey report, which also indicated improved expectations for China-US economic relations this year.近日发布的调查报告显示，尽管存在地缘政治紧张局势，去年在美经营的中国企业总体上仍保持盈利。报告还显示，受访企业对今年中美经济关系的预期有所改善。The 2026 Annual Business Survey Report on Chinese Enterprises in the United States was unveiled on Monday in Washington, DC, by the China General Chamber of Commerce-USA and the CGCC Foundation.美国中国总商会与总商会基金会于本周一在华盛顿发布了《2026年在美中资企业年度商业调查报告》。The event brought together business leaders, industry experts and others to discuss the survey findings, which revealed remarkable operational resilience among Chinese companies and a pivot toward cautious optimism for the coming year.此次活动汇聚了商界领袖与行业专家，共同探讨调查报告结果。数据显示，在美中资企业展现出卓越的经营韧性，并对未来一年持谨慎乐观态度。According to the report, 81 percent of surveyed Chinese companies in the US remained profitable in 2025, while the share of enterprises with pretax profit margins above 15 percent rose sharply from 7 percent to 21 percent over the past year.报告显示，2025年，81%的受访在美中资企业保持盈利。在过去一年中，税前利润率超过15%的企业占比从7%大幅上升至21%。The report noted that the outlook of surveyed companies for China-US relations in 2026 has improved. "In economic and trade relations, expectations of 'moderate deterioration' fell by 24 percentage points from the previous year, while expectations of 'modest improvement' rose sharply to 36 percent," it said.报告指出，受访企业对2026年中美关系的展望有所改善。“在经贸关系方面，预期‘适度恶化'的比例比上年下降了24个百分点，而预期‘略有改善'的比例大幅上升至36%，”报告称。The CGCC, which was founded in 2005, is the largest independent chamber representing Chinese business interests in the US.美国中国总商会成立于2005年，是美国最大的代表中资企业利益的独立商会。Speaking at the event, Zhang Jianyu, chairwoman of the CGCC, said the chamber's member companies have cumulatively invested more than $140 billion in the US economy, directly creating over 230,000 jobs and contributing to more than 1 million positions nationwide.美国中国总商会会长张建宇在会上表示，商会会员企业已累计对美国经济投资超过1400亿美元，直接创造超过23万个就业岗位，并为全美超过100万个就业岗位做出了贡献。Qiu Wenxing, minister and deputy chief of mission at the Chinese embassy in the US, who delivered a keynote address, underscored the need for deeper integration of the world's two largest economies.中国驻美国使馆公使邱文星发表主旨演讲，强调了全球两大经济体深化融合的必要性。Referring to the investment and employment statistics quoted by the CGCC chairwoman, Qiu said: "That is the contribution Chinese companies have already made. We can do more to help America achieve even better lives for its people."邱文星在引用该会会长所引述的投资和就业数据时表示，这是中国企业已经作出的贡献。他说：“我们可以做得更多，帮助美国人民过上更加美好的生活。”He urged US business leaders to be "quick and agile to seize the opportunity presented by China's development", particularly through the 15th Five-Year Plan (2026-30), which offers expanded market access for international investors.他敦促美国商界领袖“要敏锐果断地抓住中国发展带来的机遇”，特别是通过“十五五”规划（2026-2030年）所扩大的国际市场准入来抓住机遇。Qiu called on both Chinese and US business communities to "do the right thing instead of the politically correct thing", advocating for deeper engagement and more objective dialogue.邱文星呼吁中美两国工商界“做正确的事，而不是政治正确的事”，主张更深入的接触和更客观的对话。The relationship between China and the US is inherently mutually beneficial, and that characteristic could form the foundation for shared prosperity, he said, emphasizing that the two countries must find a common path based on "mutual respect, peaceful coexistence and mutually beneficial cooperation".他强调，中美关系本质上是互利共赢的，这种特性能够成为共同繁荣的基础。两国必须在“相互尊重、和平共处、合作共赢”的基础上找到共同的相处之道。"The world depends on a stable, sound and sustainable relationship," Qiu said, adding that efforts made by the two governments to stabilize ties are injecting "positive momentum" and certainty into business operations.“世界需要一个稳定、健康、可持续的中美关系，”邱文星说。他补充道，两国政府为稳定关系所做的努力，正为企业的经营注入“积极动能”和确定性。Pin Ni, vice-chair of the CGCC and president of Wanxiang America Corporation, said that any "decoupling" between China and the US would be disastrous for the US due to its inflationary impact.美国中国总商会副会长、万向美国公司总裁倪频表示，任何中美之间的“脱钩”都将给美国带来灾难性的通胀冲击。Amid the expectations of improved economic ties, the survey report highlighted some significant hurdles. Tariff policies remain the primary source of pressure, it said, negatively affecting 79 percent of respondents through rising costs and supply chain disruptions. Geopolitical tensions have also become a "structural ceiling" for brand building, it added.在对经济关系改善有所预期的同时，调查报告也突出了几个重大阻碍。报告称，关税政策仍是压力的主要来源，通过推高成本和扰乱供应链，对79%的受访企业造成了负面影响。报告还称，地缘政治紧张局势已成为品牌建设的“结构性天花板”。Ni stressed that successful long-term growth in the US requires a deeper commitment to localization and human capital. "Localization is not just about investing in a company; it is about investing in the local people," he said.倪频强调，要在美国实现长期成功增长，必须更加坚定地推进本土化并投入人力资本。“本土化不仅仅是对企业的投资，更是对当地民众的投资，”他说。The strategic goal of Chinese companies in the US is to become a permanent and contributing part of the local economy, he added.他补充道，在美中资企业的战略目标是成为当地经济持久且贡献的一部分。Monday's event included a panel discussion on the global rise of Chinese brands. The speakers noted that while Chinese companies make high-quality products, they need to improve their "narrative capability" in order to extend their reach.当天的活动还包括一场关于中国品牌全球崛起的专题讨论，讨论指出，尽管中国企业能生产出高质量的产品，但若要拓展全球影响力，则还需提升“叙事能力”。Crisis management and storytelling should be combined to successfully navigate local challenges, the speakers added.并且补充道，中国企业应将危机管理和讲述品牌故事相结合，以成功应对当地挑战。geopolitical tensions /ˌdʒiːəʊpəˈlɪtɪkəl ˈtenʃənz/地缘政治紧张局势China General Chamber of Commerce-USA (CGCC) /ˈtʃaɪnə ˈdʒenrəl ˈtʃæmbər əv ˈkɒmɜːs juː ˈes ˈeɪ/美国中国总商会agile /ˈædʒaɪl/敏锐的，果断的decoupling /diːˈkʌplɪŋ/脱钩navigate challenges /ˈnævɪɡeɪt ˈtʃælɪndʒɪz/应对挑战

In this episode of The Wrap, Chris Whalen says the US has no vision of victory in Iran — like Afghanistan and Vietnam, we went in without knowing what winning looks like and are now backing down without reopening the Strait of Hormuz. The Trump administration went from threatening to destroy Iranian civilization to total capitulation in weeks, leaving the Saudis and Israelis furious. Meanwhile Iran is extorting $1 per barrel in yuan or bitcoin to let ships through, China is standing behind the curtain in Pakistan pulling the strings, and even if the ceasefire holds it could take a year before energy and byproduct flows normalize. On housing, Whalen calls the peak — Q1 2026 was probably it — and says the answer to what happens to home prices is "nada to lower," with Houston and Clearwater already seeing serious erosion and the broader market heading for years of sideways action. Rising energy prices mean the Fed is forced to wait on cuts, making 2026 a very different year than 2025. His portfolio is defensive — income assets, Annaly, and gold is his only high-conviction trade. He bought more gold the morning of the recording and says both gold and silver remain asymmetric bull trades given supply constraints and Asia's dominance as the new price setter for precious metals.Thank you to our partners at Goldco. Get your free 2026 Gold & Silver Kit at https://goldco.com/thewrapLinks:    The Institutional Risk Analyst: https://www.theinstitutionalriskanalyst.com/  The Wrap: https://www.theinstitutionalriskanalyst.com/post/theira832Inflated book (2nd edition): https://www.barnesandnoble.com/w/inflated-r-christopher-whalen/1146303673Twitter/X: https://twitter.com/rcwhalen    Use the code TheWrap2026 for 25% off your first year of The Institutional Risk Analyst https://www.theinstitutionalriskanalyst.com/plans-pricingTimestamps:0:00 - Introduction & kicking off with this week's Wrap 0:52 - Trump's "total capitulation" on Iran — from threatening to destroy Iranian civilization to ceasefire 2:10 - The winners & losers5:00 - The China-US story — why should Beijing help Trump? 6:20 - The dollar narrative — why Whalen is skeptical of the "end of the dollar" story 7:40 - Gold still outperforming US stocks over the past 12 months8:10 - Whalen bought gold this morning — still his only high conviction trade 10:18 - China's Treasury holdings — trading securities for cash deposits, not dumping dollars 11:20 - Yuan and Bitcoin 14:38 - Inflation and no rate cut at the April FOMC 15:32 - 2026 is going to be a very different year than 2025 16:10 - Whalen's portfolio right now — risk off, income generating, precious metals 16:45 - Liquidated Chevron and Williams 17:48 - Gold and silver as asymmetrical bull trades — monetary vs commercial case 19:31 - The mortgage roundtable in Washington — volumes are going to fall 20:00 - MBA projects 0.6% home price growth — flat to slightly down 23:39 - "Do you think we've seen a peak in home prices?" — "Yes" 24:43 - Misery on the eights — prolonged period of low or no price appreciation 26:18 - Why Whalen changed his view — supply still hasn't caught up 28:00 - Viewer Mail: Oil producer stocks — should you take profits? 29:20 - Viewer Mail: Tokenization of stocks and ETFs 32:05 - What Whalen is watching next week

Donate (no account necessary) | Subscribe (account required) Join Bryan Dean Wright, former CIA Operations Officer, as he dives into today's top stories shaping America and the world. In this Special War Update of The Wright Report, Bryan unpacks a surprising two-week ceasefire deal between the U.S. and Iran, including what both sides agreed to, why violations are already happening, and what this fragile pause could mean for a longer-term peace in the Middle East. He also reveals new reporting on how the ceasefire came together, including last-minute pressure from China and a deeper look at President Trump's strategy leading up to the war. Drawing on intelligence insights, Bryan explains why this conflict may not have been primarily about Iran at all, but instead about gaining leverage over China by targeting global oil flows and reshaping geopolitical power dynamics. Plus, Bryan breaks down the controversial "Madman Theory" approach to foreign policy, explaining how Trump's rhetoric and unpredictability may have been used to force concessions from both allies and adversaries. As critics call the strategy reckless, Bryan argues it may be a calculated attempt to strengthen America in a world where it faces growing competition from China.   "And you shall know the truth, and the truth shall make you free." - John 8:32     Keywords: Iran ceasefire 2026 Trump peace deal analysis, Operation Epic Fury ceasefire violations Iran Israel, Strait of Hormuz negotiations control Iran oil routes, Trump Madman Theory foreign policy strategy, US China oil leverage strategy Iran war, Xi Jinping role Iran ceasefire negotiations, Middle East peace talks Pakistan JD Vance Witcoff Kushner, global oil supply geopolitics China US competition, Bryan Dean Wright podcast, The Wright Report

A US-Iran ceasefire is now in effect. Trump has declared Iran's ten-point peace plan workable. But is this peace — or just a pause? In this episode of The Voices of War, military strategist and counterinsurgency expert Dr. David Kilcullen breaks down the Iran ceasefire, the Iran war's real strategic logic, and whether the Iran peace plan can survive contact with reality. With 90% of Iran's navy reportedly destroyed and US strikes degrading Iranian air defenses, the Iran-US war appeared to be going Washington's way. Then came the ceasefire. Dr. Kilcullen — former advisor to General Petraeus during the Iraq surge and author of The Accidental Guerrilla and The Dragons and the Snakes — delivers a sober verdict: the ceasefire is fragile, the ten-point plan is largely incompatible with US and Israeli objectives, and the Strait of Hormuz remains the single most consequential bargaining chip in the Iran-Israel war. We go deep on the Iran sanctions calculus, the US-Israel relationship and whether Washington can actually "leash Tel Aviv," Iran's asymmetric resilience and information warfare, the China-US power shift, and what the rupture of the current world order means for NATO, AUKUS, and Australia's strategic future. A ceasefire is not a victory. A ten-point plan is not a political settlement. And a two-week pause in a conflict this complex is not the end of anything — it's the beginning of the hardest part.

"Isolation is a death sentence for universities." That's how Harvard professor William Kirby describes the risks of cutting off academic ties between China and the United States. In this special episode, he explains to CGTN host Liu Xin why re-engagement is not just desirable, but necessary. As geopolitical tensions rise and cooperation becomes more complicated, the future of the relationship may depend less on politics and more on people: students, researchers and institutions still willing to work together. So, in 2026, are China and the US drifting further apart or finding a way back? How can both sides further tap into the potential of a steady relationship?

Trump's visit to Beijing has been postponed — with no new date set yet. But when it does happen, China welcomes respectful cooperation. We sit down with geopolitical analyst Cyrus Janssen. What does China stand to gain from Trump's eventual arrival? And can a deal be struck for stable peace and mutual benefit? Hosted on Acast. See acast.com/privacy for more information.

This episode explores China's economic linkages with Latin America (LatAm), with Fitch Ratings' Todd Martinez and Janice Chong, and the implications of the resurgence of the US “Monroe Doctrine” on these economic ties and for Chinese corporates.(00:00) - Introduction (01:44) - Overview of China's Economic Ties with LatAm (05:34) - Outlook for the LatAm-China Trade Relationship (09:05) - LatAm's Response to Surging Chinese Imports (12:53) - Risks to Chinese Corporates from Tariffs (13:52) - Chinese FDI into LatAm (16:55) - Key FDI Sectors for Chinese Firms in LatAm (18:42) - Geopolitical Risks to Chinese Firms' LatAm Investments (20:10) - Opportunities and Risks for LatAm from US-China Competition (23:37) - Conclusion

China and the United States have just wrapped up trade consultations in Paris at a time of global economic uncertainty. Can renewed dialogue help stabilize one of the world's most important economic relationships? And how much does the global economy depend on steady engagement between these two major powers?

① China US hold trade talks in Paris. What to expect? (00:47) ② China's industrial output up 6.3 pct in first two months. What does this tell us about China's economic momentum and structural strengths as growth pressures persist globally? (13:44) ③ Key allies have been holding back after Washington urged help to secure the Strait of Hormuz. What do these reactions tell us about the bigger picture of U.S. influence over its allies? (24:16) ④ How does the war on Iran impact the US economy? (34:50) ⑤ China has become the first country in the world to approve a brain‑computer implant for commercial use. What does this milestone mean for the future of neurotechnology? (44:26)

Welcome back to Impact Theory with Tom Bilyeu! In this episode, Tom sits down with geopolitical strategist Peter Zeihan for a fascinating deep dive into the tectonic shifts shaping our world order. Together, Tom Bilyeu and Peter Zeihan unpack why the global landscape is changing—and why it isn't just about any single political figure, but rather the collision of long-standing trends in trade, demographics, and national priorities. You'll hear Peter Zeihan break down how the post–World War II system, built on American-led security and global cooperation, is unraveling amidst demographic decline and shifting alliances. They explore why the current moment might be unlike anything we've seen since the Black Plague, what happens when countries are forced to become economic generalists again, and why U.S. leadership is facing a critical test. Plus, Tom Bilyeu presses Peter on what this means for America's future, global productivity, and the hard choices ahead. Whether you're a geopolitical buff or just eager to understand how economics truly drives world affairs, this episode will challenge your assumptions and give you the tools to see the present—and the future—in a whole new light. Stay tuned for this thought-provoking conversation. Follow Peter Zeihan:Website: https://zeihan.com/Twitter: https://twitter.com/PeterZeihanLinkedIn: https://www.linkedin.com/in/peter-zeihan-1a8176/ YouTube: https://www.youtube.com/@ZeihanonGeopolitics What's up, everybody? It's Tom Bilyeu here: If you want my help... STARTING a business: join me here at ZERO TO FOUNDER:  https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20show SCALING a business: see if you qualify here.:  https://tombilyeu.com/call Get my battle-tested strategies and insights delivered weekly to your inbox: sign up here.: https://tombilyeu.com/ ********************************************************************** If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu's Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you. ********************************************************************** FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en Twitter: https://twitter.com/tombilyeu YouTube: https://www.youtube.com/@TomBilyeu Quince: Free shipping and 365-day returns at https://quince.com/impactpod Shopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impact Ketone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription order Incogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Blocktrust IRA: Get up to $2,500 funding bonus to kickstart your account at https://tomcryptoira.com Netsuite: Right now, get our free business guide, Demystifying AI, at https://NetSuite.com/Theory Huel: High-Protein Starter Kit 20% off for new customers at https://huel.com/impact code impact global security, US foreign policy, trade, demographics, Cold War, NATO, globalization, manufacturing, K-shaped economy, world order, American alliances, post-World War II system, containment, economic sanctions, Iraq War, war on terror, US industrial base, economic models, Modern Monetary Theory (MMT), tariffs, Trump administration, supply chain, deglobalization, NAFTA, regional globalization, policy experts, Cuban workforce, Colombia infrastructure, technological stagnation, demographic collapse, China-US relations Learn more about your ad choices. Visit megaphone.fm/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Welcome to Impact Theory with Tom Bilyeu! In this eye-opening episode, Tom Bilyeu and co-host Drew tackle some of the most pressing—and controversial—headlines rocking the world this week. From Big Tech giants like Meta facing landmark lawsuits over the mental health impact of social media on kids, to explosive rumors about cancer cures being unleashed after the US's exit from the WHO, no stone is left unturned. Tom Bilyeu breaks down what's really behind these medical breakthroughs, debunking online conspiracies and explaining the critical roles of the FDA and Big Pharma. The conversation gets real about the unintended consequences of social media on developing minds, whether government intervention is the answer, and how parents can navigate the digital minefield. The hosts also deliver in-depth commentary on global power shifts, including China's economic maneuvers and Japan's political realignment, as well as the seismic advancements in AI technology that are set to reshape creative industries—and possibly life as we know it. To cap it off, Tom Bilyeu and Drew explore SpaceX's renewed focus on building a city on the moon, pondering what it means for humanity's future among the stars. Whether you're curious about the facts behind viral threads, anxious about the impact of tech on the next generation, or just want a fresh take on global headlines, this episode has something for everyone. Let's dive in! Quince: Free shipping and 365-day returns at https://quince.com/impactpodShopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impactKetone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impactBlocktrust IRA: Get up to $2,500 funding bonus to kickstart your account at https://tomcryptoira.comNetsuite: Right now, get our free business guide, Demystifying AI, at https://NetSuite.com/TheoryHuel: High-Protein Starter Kit 20% off for new customers at https://huel.com/impact code impact What's up, everybody? It's Tom Bilyeu here: If you want my help... STARTING a business: join me here at ZERO TO FOUNDER:  https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20show SCALING a business: see if you qualify here.:  https://tombilyeu.com/call Get my battle-tested strategies and insights delivered weekly to your inbox: sign up here.: https://tombilyeu.com/ ********************************************************************** If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu's Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you. ********************************************************************** FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en Twitter: https://twitter.com/tombilyeu YouTube: https://www.youtube.com/@TomBilyeu Big Tech lawsuit, social media addiction, mental health, Big Pharma, cancer cures, World Health Organization (WHO), US healthcare, FDA, immunotherapy, mRNA cancer vaccines, CAR-T cell therapy, KRAS inhibitors, drug approvals, government incentives, socialism, AI breakthroughs, video AI, creative industry, China-US relations, de-dollarization, US debt, China demographics, Japan politics, sushi-fication of Japan, immigration, education policy, brain development, parental control, government regulation, space exploration, Elon Musk moon base. Learn more about your ad choices. Visit megaphone.fm/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Welcome to Impact Theory with Tom Bilyeu! In this eye-opening episode, Tom Bilyeu and co-host Drew tackle some of the most pressing—and controversial—headlines rocking the world this week. From Big Tech giants like Meta facing landmark lawsuits over the mental health impact of social media on kids, to explosive rumors about cancer cures being unleashed after the US's exit from the WHO, no stone is left unturned. Tom Bilyeu breaks down what's really behind these medical breakthroughs, debunking online conspiracies and explaining the critical roles of the FDA and Big Pharma. The conversation gets real about the unintended consequences of social media on developing minds, whether government intervention is the answer, and how parents can navigate the digital minefield. The hosts also deliver in-depth commentary on global power shifts, including China's economic maneuvers and Japan's political realignment, as well as the seismic advancements in AI technology that are set to reshape creative industries—and possibly life as we know it. To cap it off, Tom Bilyeu and Drew explore SpaceX's renewed focus on building a city on the moon, pondering what it means for humanity's future among the stars. Whether you're curious about the facts behind viral threads, anxious about the impact of tech on the next generation, or just want a fresh take on global headlines, this episode has something for everyone. Let's dive in! Quince: Free shipping and 365-day returns at https://quince.com/impactpodShopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impactKetone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impactBlocktrust IRA: Get up to $2,500 funding bonus to kickstart your account at https://tomcryptoira.comNetsuite: Right now, get our free business guide, Demystifying AI, at https://NetSuite.com/TheoryHuel: High-Protein Starter Kit 20% off for new customers at https://huel.com/impact code impact What's up, everybody? It's Tom Bilyeu here: If you want my help... STARTING a business: join me here at ZERO TO FOUNDER:  https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20show SCALING a business: see if you qualify here.:  https://tombilyeu.com/call Get my battle-tested strategies and insights delivered weekly to your inbox: sign up here.: https://tombilyeu.com/ ********************************************************************** If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu's Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you. ********************************************************************** FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en Twitter: https://twitter.com/tombilyeu YouTube: https://www.youtube.com/@TomBilyeu Big Tech lawsuit, social media addiction, mental health, Big Pharma, cancer cures, World Health Organization (WHO), US healthcare, FDA, immunotherapy, mRNA cancer vaccines, CAR-T cell therapy, KRAS inhibitors, drug approvals, government incentives, socialism, AI breakthroughs, video AI, creative industry, China-US relations, de-dollarization, US debt, China demographics, Japan politics, sushi-fication of Japan, immigration, education policy, brain development, parental control, government regulation, space exploration, Elon Musk moon base. Learn more about your ad choices. Visit megaphone.fm/adchoices