You know, the last major Trumpshy meeting was in 2018 in Argentina at G20,

and it took still a year after that meeting for Trade War I to end

and for a trade effectively deal to be worked out and signed.

So I think we're still a long way away from an actual deal,

but certainly this should be seen as a positive signal to markets.

Welcome to China Decode. I'm Alice Han. And I'm James King. In today's episode of China Decode,

we are discussing Trump's trip to Asia and a possible trade truce, the state of

crypto in China, and Europe trying to curb China's fast fashion dominance.

All right, let's get right into it.

The last few weeks have been a bit of a wild ride, I think, for U.S.-China relations.

China just wrapped up a major four-day meeting, and the message couldn't be clearer.

Titan control, doubled down on manufacturing and purged disloyalty, especially in the military top brass.

Beijing's new five-year plan, to my mind, leans heavily on technological self-reliance and

manufacturing strength, even as its economy strains under high debt levels

and weak domestic demand. Chinese President Xi Jinping has also launched one of the biggest

military purges in decades, ousting nine top generals and promoting a trusted enforcer in the PLA.

Meanwhile, President Trump is on a huge Asia diplomatic tour, fresh off a visit with Japan's

emperor, and is heading to a summit meeting with Xi Jinping likely on Thursday.

US and Chinese negotiators have teed up a series of easy wins.

China, for instance, buying soybeans again, Washington dialing back

on tariffs, and a potential extension of the critical minerals export controls. But the deeper

fights over technology and national security remain unresolved. It's a one-to-play. She is

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