特朗普连续请求访华却遭"已读不回"，中方态度耐人寻味。 5月20日，王毅高规格接见美国亚洲协会会长康京和，同时中美日内瓦关税协议重磅出炉。 这位神秘客人有何特殊使命？中美关系真要质变？ 前言 质变前夜的信号博弈 5月20日这天，北京发生了一件不同寻常的事。 就在特朗普苦等访华回音的时候，外交部长王毅却在钓鱼台国宾馆高规格接见了一位神秘客人。 这位客人不是别人，正是美国亚洲协会会长康京和。 她的身份相当特别，曾经担任韩国外交部长的她，如今却成了美国智库的负责人，这种身份转换在华盛顿的旋转门机制下并不罕见。 但她此次访华的时机却意味深长，王毅亲自出马，会谈时间长达90分钟。 这种规格在外交礼遇中可不多见，更巧的是，就在同一天，中美日内瓦经贸会谈的重磅消息也传了出来。 5月12日签署的联合声明显示，美方取消了91%对华加征的报复性关税，中方也相应取消了91%的反制关税。 这可是自贸易战以来最大幅度的关税减免，两个看似独立的事件，在同一天集中爆发，绝非偶然。 康京和在会谈中表示，亚洲协会愿意为中美两国消除误会、促进理解搭建平台。 这番话听起来像是在为特朗普政府打圆场，但更深层的意义在于，中方通过这种方式释放了一个明确 ...

【环球时报报道 记者 李萌】美国消费者新闻与商业频道（CNBC）23日报道称，据美国国务院和中国 外交部当天消息，双方官员在22日进行了通话。CNBC称，这是中美日内瓦经贸会谈后的首次通话，报 道援引专家的话表示，这是一个"积极信号"。 据中国外交部消息，22日，外交部副部长马朝旭同美国常务副国务卿兰多通电话，就中美关系及共同关 心的重要问题交换了意见。双方同意继续保持沟通。美国国务院的声明写道："双方一致认为，双边关 系对两国人民乃至世界人民都至关重要……并一致认为保持沟通渠道畅通至关重要。" 彭博社称，这次通话表明，双方在本月初就关税发表联合声明后，仍保持积极沟通。CNBC称，美中在 关于通话的通稿中未明确提及是否讨论了关税，但声明措辞相近，"这表明双方将继续保持高层接触， 努力达成更广泛的协议"。 CNBC引述欧亚集团中国区总监王丹的话称，虽然此次通话可能并不代表正在进行的贸易谈判取得突 破，但释放了一个"积极信号"，说明"日内瓦会谈中建立的沟通渠道正在发挥作用"。 复旦大学国际问题研究院院长吴心伯23日接受《环球时报》记者采访时表示，此次马朝旭与兰多的通话 是特朗普第二任期以来中美之间的第二次外交级别 ...

最新消息。 据外交部消息，5月22日，外交部副部长马朝旭同美国常务副国务卿兰多通电话，就中美关系及共同关心的重要问题交换了意见。双方同意继续保持沟通。 是否担心关税战等外部因素冲击中国经济？外交部：有能力、有条件、有底气 中美贸易代表会谈后是否已确定下一次会谈？外交部回应 5月19日，外交部发言人毛宁主持例行记者会。路透社记者提问，中国最高贸易谈判代表与美国贸易代表格里尔进行了会谈。请问会谈的进展如何？双方是否已经 确定下一次的会谈？ 毛宁表示："我的同事已经多次阐明了中方在关税和贸易问题上的立场。你的具体问题建议向中方的主管部门了解。" 5月21日， 外交部发言人毛宁主持例行记者会。 有记者提问，我们关注到联合国在日前发布的报告中指出，受到关税战等影响，2025年全球经济增速预计将放缓至 2.4%，比1月预测值低0.4个百分点。同时，中方也发布了4月份国民经济的运行情况。请问发言人，如何看待关税等外部因素对中国经济的影响？是否担心中国经济 会受到冲击？ 毛宁表示，国务院新闻办公室19日举行了新闻发布会，介绍了4月份国民经济运行的情况，我注意到国际媒体纷纷用"超预期""有韧性"来评价中国经济的表现。特别 值得 ...

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints of the Report - The gold price has an unchanged long - term upward trend, with intensified short - and medium - term long - short battles. In the short and medium term, due to the easing of Sino - US tariff policies, the strong pattern is broken, but geopolitical factors provide strong support. When short - and medium - term uncertainty is high, silver positions can be allocated as a hedge [3]. - The nickel price is short - term neutral and long - term bearish. Technically, the short - term downward momentum is strong, and the price may continue to weaken [4]. 3. Summary by Variety Gold - Short - term view: Oscillation; Medium - term view: Oscillation; Intraday view: Oscillation and weakening; Reference view: Wait - and - see [1][3]. - Core logic: Last night, the gold price fell from a high level. In the context of the easing of Sino - US tariff policies, the futures price broke below the 20 - day moving average, but geopolitical factors provided support. It rebounded strongly this week. The gold - silver ratio fluctuates in the same direction as the gold price and is mainly affected by the safe - haven demand for gold. Silver positions can be used as a hedge [3]. Nickel - Short - term view: Decline; Medium - term view: Oscillation; Intraday view: Oscillation and weakening; Reference view: Bearish in the short term [1][4]. - Core logic: Last night, it decreased in price with increasing positions, breaking below the 123,000 mark again. This week, the short - term macro - level benefits were digested by the market. At the industrial level, the upstream ore end remained strong, while the downstream stainless steel lacked continuous upward momentum. Technically, the short - term downward momentum is strong [4].

百万用户都在看 超级空头，突袭！ 最新！特朗普，签了！ 突发！下调25个基点，直线跳水！ 关税，传来大变数！证监会最新发布！影响一周市场的十大消息 利好来袭！芯片、特朗普，突传重磅！ 责编：王璐璐 校对：杨舒欣 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 据外交部消息，5月22日，外交部副部长马朝旭同美国常务副国务卿兰多通电话，就中美关系及共同关心 的重要问题交换了意见。双方同意继续保持沟通。 来源：外交部 ...

中共中央对外联络部部长刘建超在北京会见美国亚洲协会会长康京和。双方对迄今双方打造的对话平台 表示满意，强调中美关系对两国和世界都至关重要，应坚持相互尊重、平等对话、互利合作，共同推动 中美关系稳定、健康、可持续发展。（中联部新闻办微信公号） ...

马朝旭强调，希望美方同中方相向而行，共同推动中美关系稳定、健康、可持续发展。 据外交部消息，2025年5月20日，外交部副部长马朝旭会见美国新任驻华大使庞德伟。双方就当前中美 关系及共同关心的重要问题坦诚、深入交换了意见。 马朝旭强调，中方按照习近平主席提出的相互尊重、和平共处、合作共赢三原则看待和处理中美关系， 坚定维护自身主权安全发展利益。希望美方同中方相向而行，共同推动中美关系稳定、健康、可持续发 展。 当地时间4月29日，美国参议院以67票赞成、29票反对的投票结果确认庞德伟出任美国驻华大使。 5月15日，庞德伟抵达北京。同日，中国外交部发言人林剑在例行记者会上表示，愿为庞德伟大使来华 履职提供便利。林剑表示，中方对中美关系的立场一以贯之，我们始终坚持相互尊重、和平共处、合作 共赢原则来看待和处理中美关系。希望美方与中方相向而行。 曾是唯一有500强CEO资历的参议员 根据庞德伟的官方简历，在成为大使之前，庞德伟于2015至2021年间在美国参议院担任代表佐治亚州的 参议员。他当选时，是参议院里唯一一位拥有《财富》500强公司首席执行官资历的议员。在参议员任 期中，他曾经是军事、外交、银行、预算、以及 ...

Core Insights - The Morgan Stanley China Summit is set to begin this week with over 2,800 participants, reflecting a more optimistic market sentiment compared to last year, which was focused on hope for policy shifts and growth stabilization that have since materialized [1] - The consensus for EPS growth for the MSCI China Index is projected at 8.3% for 2025 and 11.8% for 2026, with potential upside risks driven by increased AI applications [1][2] Group 1: Investment Themes - Three key investment themes highlighted by Morgan Stanley include: (1) AI innovations in enterprises, particularly in robotics and autonomous driving; (2) consumer demand supported by government policies; (3) the current state and future trajectory of US-China relations [2][10] Group 2: Market Positioning - Emerging market funds have returned to neutral positioning in Hong Kong/China markets, with a median overweight of +0.2 percentage points, ending a two-year low allocation period [4] - Global and EAFE funds remain significantly underweight in the Chinese market, requiring approximately $475 billion in long positions to adjust to neutral [4] Group 3: Market Performance - The MSCI China Index has risen 19% over the past year, outperforming the S&P 500 Index (+14%) and emerging markets (+10%), with a year-to-date increase of 16% [5][9] - Recent performance has lagged slightly, with a 9% increase in the past month compared to the S&P 500's 15% rise [5] Group 4: Valuation Metrics - The MSCI China Index's P/E ratio is currently at 12.6x, and P/B ratio at 1.6x, indicating valuations are no longer a barrier to market growth [6] - There are still significant value opportunities, particularly in the consumer discretionary sector, which is trading at a 30% discount to its 10-year average [6][11] Group 5: Consumer Sector Insights - The Chinese government is shifting focus from supply-side growth to boosting demand, which is crucial for EPS growth in consumer companies [10] - There is a notable disconnect between the earnings growth and stock performance of leading Chinese consumer companies, presenting attractive buying opportunities [11] Group 6: AI and Innovation - The focus on AI applications is expected to grow, with significant interest in "physical AI" such as robotics and advanced driver-assistance systems (ADAS) [14][15] - Companies like UBTECH and Unitree are leading in the humanoid robotics space, with a projected market size of $5 billion for humanoid robots [14] Group 7: US-China Relations - The strategic competition between the US and China extends beyond trade, with deep-rooted geopolitical tensions and a spectrum of potential outcomes ranging from a grand bargain to a new cold war [18][20][22] - The current geopolitical landscape poses risks for companies operating in both markets, with implications for their strategic decisions and operations [18]

智通财经5月21日电，据外交部网站消息，5月20日，外交部副部长马朝旭会见美国新任驻华大使庞德 伟。双方就当前中美关系及共同关心的重要问题坦诚、深入交换了意见。马朝旭强调，中方按照习近平 主席提出的相互尊重、和平共处、合作共赢三原则看待和处理中美关系，坚定维护自身主权安全发展利 益。希望美方同中方相向而行，共同推动中美关系稳定、健康、可持续发展。 外交部副部长马朝旭会见美国新任驻华大使庞德伟 ...

Report Summary 1) Report Industry Investment Rating No information provided. 2) Core Viewpoints - The short - term view on gold is oscillation, the medium - term view is oscillation, and the intraday view is weakly oscillating. It is recommended to wait and see. The core logic is that the easing of Sino - US relations is negative for the gold price, while the rising expectation of a US recession is positive for it. Also, local geopolitical tensions and a weakening US economy provide impetus for the gold price to rebound [1][3]. - The short - term view on nickel is decline, the medium - term view is oscillation, and the intraday view is weakly oscillating. It is recommended to wait and see. The core logic is that the strong upstream and weak downstream lead to nickel's oscillation. The upstream ore end is strong, providing support for the futures price, while the downstream stainless steel lacks a continuous upward drive [1][5]. 3) Summary by Related Catalogs Gold - **Price Performance**: Yesterday, the intraday gold price oscillated, and it rose significantly during the night session. Shanghai gold increased in positions and rose, breaking through the 760 mark and standing above 770. New York gold reached around $3300. Technically, Shanghai gold broke through 760 and New York gold broke through $3250 in the short term, showing strong upward momentum [3]. - **Driving Factors**: Multiple US officials revealed that Israel may be preparing to strike Iranian nuclear facilities. Local geopolitical tensions and a weakening US economy give impetus for the gold price to rebound. It is advisable to continue to focus on the long - short game around $3300 in the short term [3]. Nickel - **Price Performance**: The main nickel futures price showed a downward trend near the end of trading yesterday but rebounded at the night session, regaining the 123,000 mark. Last week, the nickel price twice reached 126,000 and then declined, facing significant upward pressure [5]. - **Driving Factors**: The upstream ore end remains strong, providing support for the futures price. Nickel sulfate is stable, and the downstream stainless steel rose and then declined, lacking a continuous upward drive. Technically, the nickel price rebounded after reaching the bottom and still has strong technical support at the 123,000 mark [5].