On September 14 local time, China and the United States held talks on economic and trade issues in Madrid, Spain. Experts' analysis suggests that the "hidden topics" of this meeting may pave the way for a possible meeting between the leaders of the two countries before the end of the year. Trump has repeatedly expressed his interest in holding such meetings. In August, Trump said that he expected to visit China by the end of this year or shortly after, and pointed out that economic relations between the two countries had improved. It also sends out an important signal that Sino-US economic and trade relations may have a chance to ease, and is regarded as a key turning point that is expected to rewrite the global trade pattern.
This meeting took place against a complex international backdrop of slowing global economic growth, ongoing geopolitical conflicts and accelerating supply chain restructuring. The encounter between the world's two largest economies has drawn much attention.
Data shows that in the first eight months of 2023, the trade volume between China and the United States decreased by 12.3% year-on-year. The tense bilateral economic and trade relations have had a significant impact on actual trade exchanges. Especially in the high-tech field, the US export control measures against China have led to a significant decline in the export of products such as chips and software to China. Meanwhile, China's holdings of US Treasury bonds have dropped below 800 billion US dollars, and the trend of "de-dollarization" has intensified the urgency for both sides to seek a new balance.
It is worth noting that the choice of Madrid, Spain as the venue for the talks is quite symbolic. As an important member state of the European Union, Spain's participation is believed to potentially imply that the EU hopes to play a bridging role between China and the United States and promote the reconstruction of the multilateral trading system.
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The bilateral relations between China and the United States have sent out signals of easing
