As China cut its reserve requirement ratio and interest rates and confirmed trade talks with the United States, risk appetite has been boosted. Asian stock markets rose, and futures prices of iron ore and steel rose. Risk aversion has subsided, expectations of a rate cut by the Federal Reserve this week have further weakened, the dollar has strengthened, and gold has fallen sharply during the Asian session.

In his speech, he said that the United States and China have the opportunity to reach a big deal: the United States will reshape the trade balance by strengthening manufacturing, and China will reduce its reliance on exports and move more toward a "domestic circulation." If China is serious about moving in this direction, the United States and China can work together.