Core Viewpoint - The Chinese Ambassador to the U.S., Xie Feng, emphasized China's sincerity in developing U.S.-China relations while firmly upholding its sovereignty and security interests, indicating no room for compromise on major issues [2]. Group 1 - Xie Feng highlighted that regardless of the evolution of U.S.-China relations, the historical logic of mutual benefit from cooperation and mutual harm from conflict remains unchanged [4]. - He expressed hope that both sides would work towards implementing the important consensus reached during the recent summit between the two countries' leaders, aiming to expand cooperation and eliminate obstacles [4]. - Xie Feng reiterated China's commitment to high-quality development and high-level openness, stating that a continuously progressing and open China will bring new opportunities to the world [4]. Group 2 - The Ambassador noted that U.S. companies and Chinese enterprises can explore cooperation potential to facilitate more pragmatic projects [4]. - He stressed that cooperation should be mutual and reciprocal, urging the U.S. government to provide an open, fair, and non-discriminatory environment for Chinese investments and operations in the U.S., including visa and entry facilitation [4]. - The award ceremony recognized several companies for their significant contributions to U.S.-China economic growth, cultural exchange, and community engagement, with approximately 300 attendees from various sectors [4].

Core Viewpoint - The emphasis on the stability of US-China relations is a response to recent concerns about potential disruptions to Trump's planned visit to China, indicating that the relationship has not reached a breaking point despite external pressures [1][2]. Group 1: US-China Relations - The US Secretary of Commerce's statement aims to alleviate public concerns regarding Trump's visit to China, reaffirming the stability of US-China relations amidst recent unfriendly actions from the US [1]. - The US has taken actions that could negatively impact China, such as pressuring Venezuela to sever economic ties with China and imposing strict policies on Iran, which could indirectly affect US-China relations [1][2]. - If the US imposes tariffs on China due to trade issues with Iran, it would escalate tensions and potentially jeopardize Trump's visit, highlighting the need for the US to maintain stable relations with China [2][4]. Group 2: Strategic Considerations - The US has a pressing need to stabilize relations with China, particularly due to China's dominant position in global rare earth supply, which the US cannot afford to overlook [4]. - Trump's focus on the upcoming midterm elections adds urgency to maintaining a cooperative relationship with China, as deteriorating relations could harm the US economy, especially in agricultural exports [6]. - Trump's visit to China could serve as a crucial strategy for his re-election campaign, emphasizing the importance of avoiding provocations against China to ensure the visit proceeds smoothly [7].

转自：京报网_北京日报官方网站 【#中美关系合则两利斗则俱伤#】#中国驻美大使谢锋谈中美关系#中国驻美国大使谢锋15日在美国中国 总商会2026年农历马年颁奖晚宴上致辞表示，中方对发展中美关系有诚意但讲原则，在捍卫主权安全发 展利益的大是大非问题上，没有丝毫妥协余地。谢锋强调，不管中美关系如何演变，双方合则两利、斗 则俱伤的历史逻辑不会改变。希望美方与中方相向而行，以实际行动落实两国元首釜山会晤重要共识， 拉长合作清单，排除干扰障碍，推动中美关系稳定健康可持续发展。谢锋指出，不管外部环境如何变 化，中国致力于高质量发展、高水平开放的战略抉择不会改变。他说："中国的发展是开放的发展，一 个持续进步不断开放的中国将给世界带来更多新机遇。"中美两国企业完全可以深挖合作潜力，促成更 多务实合作项目。谢锋强调，合作应是双向的、互惠的，美国政府也应为中国企业在美投资运营提供开 放、公正、非歧视的环境，包括提供签证、入境便利等而不是设置障碍。当天的颁奖晚宴活动表彰了对 中美经济增长、文化交流和社区参与作出重要贡献的多家企业，约300名来自中美工商界等领域人士出 席。（新华社 视频 中国日报） ...

Group 1 - The core issue in US-China relations is the inconsistency of Trump's policies, which creates uncertainty and potential long-term harm to both countries [1] - Trump's recent public statement welcoming Chinese companies to invest in the US appears to be a superficial gesture, raising questions about its sincerity and true intent [3][5] - Despite Trump's rhetoric promoting cooperation, the US has not lifted high tariffs on imported cars and parts, which remain significant barriers for Chinese companies entering the US market [5][6] Group 2 - The automotive industry in the US is facing challenges not due to a lack of funding, but rather due to unclear strategic direction and frequent policy changes [11] - The current business environment in the US is unfriendly for Chinese companies, with strict scrutiny and technological barriers in place [8][9] - China's strategic reduction of US Treasury holdings to the lowest level since 2008 reflects a systematic approach to risk management and a shift towards diversifying foreign reserves [13][15] Group 3 - The political dynamics in the US, including Trump's speeches aimed at appeasing voters in key states like Michigan, highlight the intersection of politics and economic policy [9][18] - The ongoing political turmoil within the US government, particularly regarding the Federal Reserve's independence, has implications for global financial stability [17][20] - China's financial decisions are driven by its own interests and the evolving global economic landscape, rather than reactive responses to US political rhetoric [18]

最新发声。 中国驻美大使：中方对发展中美关系有诚意但讲原则 END 中国驻美国大使谢锋15日在美国中国总商会2026年农历马年颁奖晚宴上致辞表示，不管中美关系如何演变，双方合则两利、斗则俱伤的历史逻辑不会改 变。 综合自：央视新闻 责编：李丹 校对：祝甜婷 版权声明 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追 究相关 行 为主体法律责任的权利。 转载与合作可联系证券时报小助理，微信ID：SecuritiesTimes 中国驻美国大使谢锋15日在美国中国总商会2026年农历马年颁奖晚宴上致辞表示，中方对发展中美关系有诚意但讲原则，在捍卫主权安全发展利益的大是 大非问题上，没有丝毫妥协余地。 谢锋强调，台海最大的现状就是海峡两岸同属一个中国，台海和平的最大威胁来自于"台独"分裂行径和外部势力纵容支持。一个中国原则和中美三个联合 公报是中美处理台湾问题的唯一遵循。 中国驻美大使：中美合则两利、斗则俱伤的历史逻辑不会改变 点击关键字可查看 潜望系列深度报道丨 股事会专栏 丨 投资小红书 丨 e公司调查 丨 时报会客厅 丨 十大明星私募访谈 丨 深夜突发！特朗普：不支持夺格陵兰岛就加税 ...

据新华社报道，中国驻美国大使谢锋15日在美国中国总商会2026年农历马年颁奖晚宴上致辞表示，不管 中美关系如何演变，双方合则两利、斗则俱伤的历史逻辑不会改变。 ...

据新华社报道，中国驻美国大使谢锋15日在美国中国总商会2026年农历马年颁奖晚宴上致辞表示，中方 对发展中美关系有诚意但讲原则，在捍卫主权安全发展利益的大是大非问题上，没有丝毫妥协余地。谢 锋强调，台海最大的现状就是 海峡两岸同属一个中国，台海和平的最大威胁来自于"台独"分裂行径和 外部势力纵容支持。一个中国原则和中美三个联合公报是中美处理台湾问题的唯一遵循。 ...

Core Viewpoint - The Chinese Ambassador to the U.S., Xie Feng, emphasizes the importance of mutual respect, peaceful coexistence, and win-win cooperation as fundamental principles for the development of Sino-U.S. relations [1] Group 1 - The Chinese side expresses sincerity in developing Sino-U.S. relations while adhering to principles, particularly regarding sovereignty and security issues [1] - The "One China" principle and the three joint communiqués between China and the U.S. are stated as the only guidelines for handling Taiwan-related matters [1] - The U.S. is urged to align with China and take concrete actions to implement the important consensus reached during the meeting between the two countries' leaders in Busan [1]

Summary of Key Points from Conference Call Records Industry Overview - **Industry**: Cotton and Sugar Markets - **Key Trends**: The cotton market in 2025 experienced significant fluctuations due to U.S.-China relations, inventory tightness, and price volatility. The sugar market in Brazil is influenced by drought conditions and production choices between sugar and ethanol. Cotton Market Insights - **Price Fluctuations**: Domestic cotton prices in China saw a rapid decline before the Qingming Festival, followed by a recovery due to tight inventory and strong consumption. The first quarter was strong, but prices dropped significantly in March and April due to high tariffs, reaching annual lows. [1][2][3] - **Global Supply and Demand**: The USDA reported a slight adjustment in global cotton supply surplus for the 2025/26 season, with a total production estimate of 26 million tons, an increase of 2.1 million tons year-on-year. Major producers like China and Brazil had good harvests, while the U.S. production remained at a multi-year low. [4][60] - **Export Dynamics**: U.S. cotton exports decreased by 13% year-on-year, with China’s contracts down by 54%, while Vietnam's increased by 46%. [4][61] - **Consumption Resilience**: Despite global supply being slightly loose, cotton consumption remained resilient, particularly in major textile exporting countries like Vietnam and Bangladesh, which saw significant increases in operating rates. [5][66] Sugar Market Insights - **Brazilian Sugar Production**: In 2025, Brazil's sugarcane crushing volume decreased by 2.36% year-on-year, but the sugar production increased by 0.86% due to a higher sugar-to-ethanol production ratio. Drought conditions significantly impacted sugarcane yield. [17][18] - **Impact of Drought**: The drought in Brazil has historically led to significant declines in sugarcane yield, with the 2025 yield dropping to 75.67 tons per hectare, a decrease of 5.14% year-on-year. [19][79] - **Market Dynamics**: The sugar market is expected to experience a rebound after a prolonged decline, with predictions of a price increase in the third quarter of 2026 due to tightening supply conditions. [77] Key Risks and Considerations - **Geopolitical Factors**: The ongoing geopolitical tensions, particularly between the U.S. and China, continue to influence market dynamics, especially in cotton procurement. [62][74] - **Weather Risks**: Future weather patterns, particularly the potential for drought due to El Niño, pose risks to both cotton and sugar production in major producing regions. [28][33][34] - **Inventory Levels**: Monitoring commercial inventory levels in China is crucial, as a tight inventory could lead to price increases, while high levels could suppress prices. [71][74] Additional Insights - **Chinese Cotton Market**: The domestic cotton market is characterized by strong demand and stable inventory levels, with production estimates ranging from 7.51 million to 7.73 million tons for the new season. [68][9] - **Future Production Policies**: There are policies aimed at reducing cotton planting areas in China, but achieving these targets may be challenging due to farmers' preferences for cotton over other crops. [69] - **Global Sugar Supply**: The sugar market is expected to remain oversupplied, with Brazil's production choices heavily influencing international sugar prices. [80][81] This summary encapsulates the critical insights and trends from the conference call records, focusing on the cotton and sugar markets, their dynamics, and the associated risks.

Group 1 - The core of the article discusses the evolving relationship between the US and China, highlighting the competitive dynamics and questioning whether the two nations are nearing a definitive split [1] - The historical context of the US dollar's dominance in global oil trade is outlined, emphasizing how this established the dollar as a global currency and linked the energy market to the US economy [3] - The article notes that the late 1990s saw China become a major manufacturing hub, with the US benefiting from low-cost goods while China accumulated significant foreign exchange reserves through US debt purchases, creating a mutually beneficial economic cycle [5] Group 2 - Recent years have seen increasing skepticism in the US regarding its relationship with China, leading to protective measures such as tariffs and export controls aimed at reducing reliance on Chinese manufacturing [7] - The article raises concerns about the feasibility of the US finding alternative manufacturing partners, as countries like India, Vietnam, and Mexico lack the capacity to fully replace China in the global supply chain [9] - The current global landscape is characterized by uncertainty, with the US pursuing its ambitions while smaller nations seek new strategic alliances, indicating that the US-China relationship remains complex and interdependent despite competitive tensions [13]