--- title: "Major Events This Week: Global Focus on China and the US" type: "News" locale: "en" url: "https://longbridge.com/en/news/285824759.md" description: "In terms of macroeconomic data, the focus is on China and US CPI/PPI data for April, with US inflation potentially continuing to rise due to energy influences. In terms of events, expectations are heating up for Trump's visit to China, with China's Ministry of Foreign Affairs stating that both sides are maintaining communication on this matter. Federal Reserve Chair Powell's term ends, and the nomination of Warsh for succession faces a final vote. In terms of earnings reports, giants such as TENCENT, Alibaba, JD.com, and SMIC will intensively release their results. Additionally, developments in the Iran situation and Baidu's AI conference are also worth watching" datetime: "2026-05-11T00:42:48.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285824759.md) - [en](https://longbridge.com/en/news/285824759.md) - [zh-HK](https://longbridge.com/zh-HK/news/285824759.md) --- # Major Events This Week: Global Focus on China and the US **Overview of Major Financial Events for the Week of May 11 - May 17, all times in Beijing Time:** Main themes for the week: **Macroeconomic Data:** China and US CPI data are about to be released. The market expects US April CPI to reach 3.8% year-on-year, influenced by rising energy prices due to the Middle East situation. CICC expects China to show a divergence between domestic and external demand, with PPI potentially rising further against the backdrop of the Middle East conflict. **Events and Diplomacy:** The Ministry of Foreign Affairs stated that head-of-state diplomacy plays an irreplaceable strategic leading role in China-US relations, and that both sides are maintaining communication regarding President Trump's visit to China. In addition, the Federal Reserve is facing a historic moment—Chair Powell's term ends on May 15, and Kevin Warsh's nomination is expected to undergo a final confirmation vote next week, which will shape the Fed's path for the next two years. Geopolitically, developments in the Iran situation still need close monitoring. **Corporate Earnings:** Tech leaders such as TENCENT, Alibaba, JD.com, and SMIC are concentrating their earnings releases, allowing the market to verify the strength of the AI and semiconductor recovery. Other highlights include: the US Treasury's $125 billion refinancing, Tencent Cloud raising CodeBuddy pricing to a maximum of 316 yuan/person/month, Alibaba Cloud adjusting domain name prices, Shunwang Technology partnering with Huawei to launch a computing-network solution, and the Hangzhou Embodied Intelligence Humanoid Robot Exhibition. ## Economic Indicators **China and US April CPI and PPI** On May 11, China will release its April CPI and PPI data. CICC expects that the growth rates of domestic and external demand may diverge in April, with marginal slowdowns in consumption and investment growth, while export growth may rebound. Against the backdrop of the Middle East conflict, **the year-on-year growth rate of PPI may rise further to 1.8%, and the year-on-year growth rate of CPI may stabilize at around 1.0%**, implying that the GDP deflator growth rate for April could exceed 1%. On May 12, the US will release its April CPI data, followed by PPI data on May 13. **Affected by rising energy prices driven by the Middle East situation, the market expects US inflation data to continue rising, with CPI projected to increase slightly to 3.8% year-on-year.** In March this year, US CPI surged 0.9% month-on-month, the largest single-month increase since June 2022; the year-on-year rate rose to 3.3%, the highest level since 2024. Gasoline price increases hit records not seen since 1967. ## Financial Events **Will Trump Visit China from May 14 to 15? Ministry of Foreign Affairs: China and US Are Maintaining Communication on This Matter** In March this year, according to CCTV News, regarding US President Trump's statement that he would visit China in mid-May, Ministry of Foreign Affairs spokesperson Lin Jian stated at a regular press conference on March 26 that **head-of-state diplomacy plays an irreplaceable strategic leading role in China-US relations, and that China and the US are maintaining communication regarding President Trump's visit to China.** According to the latest media leaks on May 7, the US government has invited CEOs of major companies such as Nvidia, Apple, ExxonMobil, and Boeing to accompany him. **Continue to Monitor Developments in the Iran Situation; Trump Previously Stated a Deal Could Be Reached This Week (Week of May 11)** The US-Iran situation presents a complex landscape of "fighting while talking, sanctioning while engaging." Previously, CCTV News reported that **Pakistani sources stated that the US and Iran were close to reaching a ceasefire memorandum of understanding, with Trump stating: a deal could be reached next week.** However, the latest news is that direct clashes have erupted between the US and Iran near the strait, causing the crisis in the Strait of Hormuz to suddenly escalate once again. **Powell's Term as Fed Chair Ends, Kevin Warsh Expected to Succeed** Federal Reserve Chair Powell's term will end on May 15, with Kevin Warsh expected to succeed him. He stated that after his term as Chair ends, he will continue to serve as a Federal Reserve Governor. His term as a Federal Reserve Governor has two years remaining. **Final Confirmation Vote for Warsh's Nomination as Fed Chair to Be Held (Event Throughout the Week)** It is reported that the US Senate Banking Committee approved Kevin Warsh's nomination as the next Federal Reserve Chair on April 29, 2026, with a partisan vote of 13 in favor and 11 against. **The nomination was subsequently submitted to the full Senate, with a final confirmation vote expected during the week of May 11 to ensure he can preside over the June FOMC meeting.** - **US Treasury Launches $125 Billion Quarterly Refinancing Operation** The US Treasury announced it will launch a refinancing operation totaling $125 billion, expected to raise approximately $41.6 billion in new funds. Specifically: On May 11, $58 billion in 3-year Treasury notes will be issued. On May 12, $42 billion in 10-year Treasury notes will be issued. On May 13, $25 billion in 30-year Treasury bonds will be issued. - **New York Fed President Williams and Other Fed Officials to Speak** On May 15, FOMC permanent voter and New York Fed President Williams will participate in a discussion. 2026 FOMC voter and Cleveland Fed President Hammack will deliver opening remarks at an online discussion on central bank independence. On the 14th, 2026 FOMC voter and Dallas Fed President Logan will participate in a dialogue on the energy industry. 2026 FOMC voter and Minneapolis Fed President Kashkari will participate in a discussion hosted by the local chamber of commerce. On the 13th, 2028 FOMC voter and Boston Fed President Collins will speak at the Boston Economic Club. Chicago Fed President Goolsbee will participate in a Q&A session hosted by the local chamber of commerce. On the 12th, FOMC permanent voter and New York Fed President Williams will participate in a panel discussion on monetary policy. - **Create 2026 Baidu AI Developer Conference to Be Held on May 13-14** Baidu announced that the Create 2026 Baidu AI Developer Conference (hereinafter referred to as "Create 2026") will be held in Beijing from May 13 to 14. It is understood that Baidu may release the latest progress in its full-stack AI layout of "Chip-Cloud-Model-Body," industrial applications, and AI ecosystem. - **Tencent Cloud: Adjusts Pricing for CodeBuddy and WorkBuddy** Tencent Cloud issued an announcement regarding adjustments to the billing schemes for CodeBuddy and WorkBuddy, planned to take effect on May 15, 2026. Among the changes, the Enterprise Flagship Edition will be renamed "SaaS Enterprise Edition," with the price adjusted from "78 yuan/person/month" to "198 yuan/person/month"; the Enterprise Exclusive Edition will be renamed "Private Cloud Enterprise Edition," with the price adjusted from "158 yuan/person/month" to "316 yuan/person/month". **Alibaba Cloud Domain Products Price Adjustment on May 12** According to Alibaba Cloud, due to increased costs from upstream domain registrars, after careful consideration, Alibaba Cloud has decided to adjust domain name prices effective zero hour on May 12, 2026. Price adjustments: Renewal prices for .icu, .cyou, and .bond domains are adjusted to 125 yuan/year, and transfer-in prices are adjusted to 125 yuan. Meanwhile, as the promotional offer for the .love suffix ends, registration, renewal, and transfer-in prices will all revert to 175 yuan. **Shunwang Technology to Partner with Huawei to Launch All-Optical Millisecond Computing-Network Power Service Solution** Shunwang Technology, in partnership with Huawei, will hold the "All-Optical Millisecond Computing-Network" power service solution launch event on May 14, 2026, themed "Optical-Computing Synergy, Intelligence-Empowered Networks." Both parties will jointly work with operators and industry ecosystem partners to deeply cultivate diverse scenarios such as cloud esports, education, campuses, communities, enterprises, and homes, launching the all-optical millisecond computing-network power service solution. **China AIDC Energy Storage and Power Conference** The "2026 China AIDC Energy Storage and Power Conference and Exhibition" will be held in Hangzhou from May 15 to 16. **Hangzhou Embodied Intelligence Humanoid Robot Exhibition, First Hong Kong Embodied Intelligence Industry Summit and AGIBOT APC2026** The 2nd Hangzhou International Humanoid Robot and Robotics Technology Exhibition 2026 is scheduled to be held at the Hangzhou Grand Convention and Exhibition Center from May 14 to 16, 2026. In addition, on May 12, AGIBOT, in conjunction with the Hong Kong Chinese Friendship Association, will hold the "First Hong Kong Embodied Intelligence Industry Summit and AGIBOT APC2026 (Hong Kong)" in Hong Kong. ## Earnings Reports This week, **US stablecoin leader Circle**, SoftBank Group, Bayer Group, Vifor, software leaders **Cisco, Siemens**, Deutsche Telekom, Applied Materials, and other companies will announce their earnings. For Hong Kong stocks, **JD.com, JD LOGISTICS, TENCENT, Alibaba, Hua Hong Semiconductor, SMIC, Leapmotor, WeRide** and other companies will announce their earnings. - **JD.com Q1 Conference Call** JD.com will release its unaudited financial results for the first quarter of 2026 before the US stock market opens on Tuesday, May 12. JD.com management will hold a conference call at 8:00 PM Beijing Time on May 12. - **TENCENT Q1 Conference Call** TENCENT will announce its first-quarter 2026 results, with the conference call scheduled for 20:00 Hong Kong Time / 8:00 AM Eastern Time on May 13, 2026. **Alibaba Q1 Conference Call** Alibaba will announce its results on May 13, 2026, and hold a conference call at 7:30 PM Beijing Time on the same day. **Kweichow Moutai 2025 Annual and 2026 Q1 Performance Briefing** Kweichow Moutai announced that the company will hold a briefing on its 2025 annual and first-quarter 2026 performance via online text interaction on Panorama Roadshow from 16:00 to 17:30 on May 11, to communicate online with investors regarding its production and operational status. **CIQ Quantum STAR Market IPO Review, Lumentum Added to Nasdaq Index** CIQ Quantum's STAR Market IPO will undergo review on May 11. Lumentum Holdings will be added to the Nasdaq-100 Index on May 18, replacing CoStar Group. 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