He Lifeng

China will focus on technological self-sufficiency and innovation in a new five-year plan, which will begin in 2026. The country's government has outlined key priorities, including the development of its own semiconductor supply chain and stimulating domestic demand.

The US and China are nearing a deal on TikTok, but its conclusion may depend on trade concessions from China. Negotiations in Madrid concern the sale of TikTok by Bytedance and broader economic issues.

China wants the US to ease export controls on high-bandwidth memory (HBM) chips as part of a trade deal. This is due to restrictions affecting the development of Chinese artificial intelligence chips.

The US Treasury Secretary warned China about high tariffs on Russian oil, but Beijing declared the protection of energy sovereignty. China remains the largest buyer of Russian oil, despite the threat of sanctions.

The US and China are planning talks in London on June 9 regarding the export of rare earth minerals. Trump said China would resume supplying minerals and magnets to the US.

US President Donald Trump was optimistic about the first day of negotiations with China in Switzerland, announcing a "complete reset" of trade relations. He expects China to open up to American business.

The Trump administration is considering tariff cuts of up to 60% in negotiations with China in Geneva. This is intended to reduce tensions and ease economic difficulties for both sides.

He Lifeng to Hold Economic Talks with Switzerland, the United States, and France. He will lead the 10th China-France High-Level Economic and Financial Dialogue.

China's Deputy Prime Minister assured foreign companies' CEOs of the country's business potential. Investment banks cautiously improved their forecasts for China for 2025, but did not reach the official growth forecast.