Kyle Sullivan

American staff took everything Chinese officials handed out - credentials, burner phones from WH staff, pins for delegation - collected them before we got on AF1 and threw them in a bin at bottom at stairs. Nothing from China allowed on the plane. We’re taking off shortly for America

With President Trump’s visit to Beijing, investors are having to ponder whether the US-China relationship is shifting to something less confrontational (obviously it is, since US attempts to isolate China have failed). This is hardly the only consequential shift unfolding in China. Specifically: - China is moving from deflation to inflation - Chinese companies are no longer all about producing somewhat inferior goods at much cheaper prices. Instead, genuine global leaders like CATL, Hesai, BYD… have emerged in various industries. - The Poliburo is no longer encouraging banks to send good money after bad in a bid to build up domestic self suffiency across industrial sectors. Instead, “anti involution” is now the key policy buzz word. - instead of falling, the RMB is now rising. This encourages domestic savings to stay home. - In a historical first, Chinese corporates are now returning more capital to shareholders (through buybacks and dividends) then taking from investors (through IPOs and rights issues)… Any one of these shifts would be important. Together, they make for a potent combination. For more on this, here is a recently published Gavekal report. Constructive feedback (ie: not cheap cliches) welcomed… research.gavekal.com/article/the-ch…

1/ Watching the opening statements by Trump and Xi just a moment ago was a reminder of their contrasts. Xi was scripted, focused on principles, had a binder of talking points in front of him, and expressed hope for stabilization and development of relations...(🧵).

So I was at a BYD dealership in Beijing on Monday afternoon to shoot a segment on China’s EV dominance with @NBCNightlyNews’s anchor Tom Llamas who had just touched down in China earlier in the day for the first time ever to cover @POTUS’s state visit. He took a spin in a Sealion 06 flash charging edition, his first time ever driving a Chinese EV, my first time in this particular model, and chatted about BYD and China EVs in general. I left Tuesday afternoon Beijing time and touched down SFO Tuesday afternoon PDT just in time to see the program air. Pretty cool! 😎 Here’s the segment that ran earlier tonight on the program. Inside China’s battle for electric vehicle dominance: youtu.be/-OCYyD5JnZA

National Security Action, the group co-founded by Jake Sullivan, is dusting itself off and gearing up for 2028. But a lot of Dems just wish the Biden bros would just go away. As one Democrat told me, “They’re all canceled and they don’t realize it.” puck.news/the-return-of-…

US imposes sanctions on Chinese companies for allegedly helping Iran. Will be interesting to see how Beijing responds, which is a forgone conclusion. Both sides stockpiling leverage before Trump heads to China? giftarticle.ft.com/giftarticle/ac…

The U.S. government declined China’s invitation to organize industry-specific meetings between senior Chinese leaders and U.S. CEOs, thinking it could make American businesses appear too close to Beijing -- a U.S. executive with direct knowledge of the arrangements. As of Tuesday, the White House had yet to formally invite executives to join Trump on the trip, and a proposed list of two dozen leaders could be halved, the person added.

Semafor: The Trump administration plans to invite CEOs from Nvidia, Apple, Exxon, Boeing, and other big companies to accompany the president on his trip to China next week, a person familiar with the matter said.

We need more of this. A bipartisan group of US Senators is traveling to Beijing and Shanghai to better understand China’s tech ecosystem.

Lots of bad takes everywhere on trump visit & US-China trade talks

China outlines new labour protection plan for nation’s 200 million gig workers…big development for companies like Meituan/Didi. Will be harder to cheaply scale labor at the margin they’re used to. scmp.com/economy/china-…

@rwmcmorrow @rafeuddin_ @MsHannahMurphy Congrats Ryan! Hit me up when you’re back in the US.

After a decade reporting in China, I've finally moved home to SF! As my wife noted, I'm bringing back two girls and an extra forty pounds Hope to meet old friends and new and excited to be reporting on finance and tech in the FT's SF bureau with @rafeuddin_ @MsHannahMurphy @CristinaCriddle @GeorgeNHammond @sjhmorris

While the US is infuriating much of the world by being reckless, erratic and lawless, China is playing the long game. My latest column: washingtonpost.com/opinions/2026/…

Foreign carmakers turn to Chinese technology to remain relevant Global automakers are racing to adopt Chinese EV tech just to stay competitive, while Washington walls off the US market to shield legacy players. US should embrace competition giftarticle.ft.com/giftarticle/ac…

@SenRickScott You are not a serious-minded person, openly wishing for the destruction of 1.3 billion people’s livelihoods.

Communist China is partnering with Iran, buying their oil, supplying them with weapons, and actively funding their nuclear program. They are our enemy and a clear threat to our national security.   If blocking the Strait of Hormuz will stop Iran from developing a nuclear weapon while destroying China’s economy, then so be it. America will come out SAFER and STRONGER in the end.

Big shift in public sentiment, but it doesn’t reflect attitudes among US policymakers.

Link: english.www.gov.cn/news/202604/15…

China unveils fresh credit support to boost high-quality commercial development - MOFCOM/ExIm Bank Lending will support innovative trade development, two-way investment, and high-quality Belt and Road cooperation Authorities will use credit tools to explore new markets

Big.......Regulations of the People's Republic of China on Combating Undue Extraterritorial Jurisdiction by Foreign Countries cpc.people.com.cn/n1/2026/0413/c…

European businesses are seriously spooked by China's new supply chain law EU Chamber in China statement says companies will struggle to comply with both EU rules and Chinese ones. Absolutely caught in a bind