Domestic News:
1. Xi Jinping meets with US President Trump. Xi Jinping stated that he is willing to work with President Trump to steer the ship of China-US relations well, making 2026 a historic and landmark year for China-US relations. Trump stated that he is willing to work with President Xi to strengthen communication and cooperation, properly resolve differences, usher in the best US-China relationship in history, and create a brighter future for both countries.
2. Xi Jinping hosts a welcoming banquet for US President Trump. Xi Jinping pointed out that the people of China and the United States are both great peoples, and realizing the great rejuvenation of the Chinese nation and making America great again can be done in parallel, mutually beneficial, and conducive to the world. Trump stated that today is a beautiful day, an important visit, and that the two sides have conducted positive and constructive dialogue.
3. Ministry of Commerce: China is willing to work with the US to continuously expand the list of cooperation.
4. Ministry of Foreign Affairs: China is willing to work with the US to translate the new positioning of China-US relations into concrete actions.
5. People's Bank of China: On May 15, it will conduct 300 billion yuan of outright reverse repurchase operations with a term of 6 months. 6. The Ministry of Industry and Information Technology and two other departments held a video conference on strengthening the safety management of new energy vehicles: exaggerated and false advertising is prohibited.
7. The Ministry of Agriculture and Rural Affairs revised and issued the implementation plan for comprehensive regulation and control of pig production capacity, setting the normal number of breeding sows nationwide at around 37.5 million.
8. The UK plans to nationalize subsidiaries of Chinese companies. The Ministry of Commerce stated that it hopes the British government will adhere to the principles of fairness, impartiality, and non-discrimination, and make a prudent decision after careful consideration.
9. The People's Bank of China released financial statistics for April: the cumulative increase in social financing in the first four months was 15.45 trillion yuan; the broad money supply (M2) balance at the end of April was 353.04 trillion yuan, a year-on-year increase of 8.6%.
International News:
1. India restricts duty-free gold imports.
2. Ukraine claims to have suffered its largest Russian airstrike since the conflict began.
3. Israel and Lebanon hold a new round of negotiations in the United States.
4. OPEC+ reportedly plans to continue increasing production, aiming to restore all production cuts by the end of September. 5. Foreign media: Gulf states discuss post-war regional governance; Saudi Arabia proposes a non-aggression pact.
6. British Health Secretary Streatine resigns, but has yet to secure the support needed to challenge party leadership.
7. Samsung Electronics union leader says strike will begin if management does not respond to his demands by 10:00 AM local time on Friday.
8. US retail sales rose slightly in April, but part of the increase was driven by inflation; the import price index saw its largest increase since March 2022.
9. Federal Reserve – Schmid: Inflation remains the biggest risk, but the US economy has shown resilience; Milan will resign from his board position around the time of Warsh's swearing-in; Williams: No significant second-round effect of inflation has been seen yet. The impact of tariffs appears to have largely been transmitted to the economy.
