Macroeconomic aspects
Trump’s visit to China: A constructive and strategically stable relationship between China and the United States
Key Events: From May 13-15, Trump visited China for the first time in nine years. The Chinese and US leaders established a new positioning for a constructive, strategic, and stable relationship, setting the tone for the next three years.
- Consensus Reached: Both sides agreed that cooperation benefits both sides, while confrontation harms both. They should be partners, not adversaries, managing differences and expanding pragmatic cooperation.
- Business Representatives Accompanying the Visit: More than ten representatives from US companies (technology, finance, aviation, and agriculture) accompanied the visit, with smart technology and capital becoming key areas of cooperation.
US PPI rose 6% year-on-year in April.
April’s PPI rose 6% year-on-year (expected 4.9%, previous value 4.3%), a new high since December 2022.
- Monthly PPI rose 1.4% (expected 0.5%, previous value 0.7%), a new high since March 2022.
- Core PPI (excluding food and energy) rose 5.2% year-on-year (expected 4.3%).
Industry
China’s auto exports are expected to exceed 10 million units in 2026.
From January to April, exports reached 3.127 million units, a year-on-year increase of 61.5%; new energy vehicles accounted for 1.384 million units, or 44.26% of total exports.
- Full-year exports are expected to exceed 10 million units, with new energy vehicles becoming the core driving force.
From the perspective of enterprises
Xiaomi Releases Xiaomi OneVL
- The world’s first unified approach combining VLA model, world model, and latent space inference.
- Inference latency of 0.24 seconds, accuracy surpassing explicit CoT, speed aligned with “answer-only” solutions.
- Possesses both linguistic and visual interpretability.
Huawei and JAC Motors Collaborate to Develop Maserati New Energy Vehicle
Cooperation Model:
- Huawei leads product definition, providing full-stack technologies including intelligent driving, cockpit, and electric drive.
- JAC Motors is responsible for R&D and manufacturing, while Maserati provides Italian design and its century-old brand.
- Dual branding: Domestically, it’s marketed as “Zunjie,” while overseas it carries the Maserati trident logo, targeting the high-end European market.
