(Source: CETV 2026-05-14)

Editor’s note:From May 13th to 15th, US President Trump paid a state visit to China. This is the second face-to-face meeting between the heads of state of China and the United States after Busan last October. It is also the first visit to China by a US president in nine years. Along with Trump on his visit to China were Cook, Jen-Hsun Huang, Musk and other U.S. company executives. In this regard, Sino-US economic and w88 relations have become the focus of heated discussion in the media.How is the w88 situation between China and the United States? What expectations do American companies have for the Chinese market? At 20:00 on the evening of May 14, Jiang Xianling accepted a phone call from the host of the news magazine column "e Vision" of China Educational Television Channel 1 (CETV1) to participate in the discussion.

The rebound in China-U.S. w88 data in April was more dominated by the base effect and not a fundamental reversal

For "In the first four months of 2026, Sino-US w88 volume fell by 12.9% year-on-year, but exports to the United States increased by 11.3% year-on-year in April. Is this a sign of a trend reversal? How sustainable is the "phased relaxation" of Sino-US economic and w88 relations? " Jiang Xianling believes that the rebound in Sino-US w88 data in April is more dominated by the base effect, not a fundamental reversal. It is a statistical illusion dominated by the base effect, superimposed on a phased phenomenon of short-term export momentum restoration.

On the one hand, the absolute amount of exports to the United States in April this year was stronger than that in March. This is the result of the decline in U.S. tariff costs and the replenishment of orders in March. In April, the U.S. directly lowered its tariffs on China by about 10 percentage points, lowering import costs and directly stimulating demand from U.S. importers. At the same time, exports to the U.S. fell back in March due to my country's Spring Festival effect and other factors, and some export demand was delayed and concentrated in April. This seasonal rhythm also amplified the month-on-month increase in April.

On the other hand, the introduction of reciprocal tariffs by the United States in April last year caused a month-on-month decline in exports to the United States. Exports to the United States in that month fell by approximately 26.5% year-on-year. On the basis of such a "deep hole", any month-on-month recovery will show a higher year-on-year growth rate. The lower base number will push up the year-on-year growth rate.

2. U.S. business executives’ accompanying visit to China: the dual game of market rationality and geopolitics

In addition, what signals are revealed about "Cook, Huang Jensen, Musk and other US company executives accompanying Trump on his visit to China?" Does it demonstrate the U.S. business community’s ardent expectations for China and the United States to deepen practical cooperation and move towards mutual benefit and win-win results? " Jiang Xianling believes that accompanying US company executives to visit China: a dual game between market rationality and geopolitics.

The heads of U.S. business giants’ visit to China with Trump is a strategic collective action by the U.S. business community amid the complex changes between China and the United States. It has released at least two major signals: First, the business community is unwilling to be kidnapped by "decoupling". These companies are deeply dependent on China's supply chain and market (approximately 20% of Apple's revenue comes from Greater China, and Tesla's Shanghai factory is the core of its global production capacity). The collective action is intended to show that the costs of "decoupling" are borne by U.S. companies, and business logic cannot be completely covered by politics. The second is to seek orderly competition rather than unlimited confrontation. What they seek is a predictable, bounded competitive environment. In essence, it is still defensive survival.

However, the influence of the business community is limited. On the premise that the overall pattern of competition between China and the United States cannot be changed, whether their expectations can be realized depends on whether the two countries can establish a truly stable and predictable rules framework on core issues such as technology, investment, and tariffs. Prior to this, any "moderate" was tactical and staged, rather than strategic and fundamental.

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