--- title: "Key Events Next Week: Global Focus on China-US Relations" type: "News" locale: "en" url: "https://longbridge.com/en/news/285824821.md" description: "Several major financial events are scheduled for next week (May 11–17), with global attention focused on China-US relations. CPI data from both countries will be released; US April CPI is expected to reach 3.8% due to the impact of Middle East tensions. CICC predicts China's PPI will rise due to diverging external demand. Fed Chair Powell's term will end, and a confirmation vote for Kevin Warsh's nomination is expected. In corporate earnings, tech giants such as Tencent, Alibaba, and JD.com will report results, with market focus on AI and semiconductor recovery" datetime: "2026-05-10T01:17:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285824821.md) - [en](https://longbridge.com/en/news/285824821.md) - [zh-HK](https://longbridge.com/zh-HK/news/285824821.md) --- # Key Events Next Week: Global Focus on China-US Relations **Overview of Major Financial Events for the Week of May 11 – May 17 (All times in Beijing Time):** Main themes for next week: **In terms of macroeconomic data,** CPI data from China and the US is imminent. The market expects US April CPI year-on-year growth to reach 3.8%, driven by rising energy prices due to the situation in the Middle East. CICC predicts that China will show a divergence between domestic and external demand, with PPI potentially rising further against the backdrop of the Middle East conflict. **In terms of 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. Additionally, the Federal Reserve faces a historic moment—Chair Powell's term ends on May 15, and the final confirmation vote for Kevin Warsh's nomination is expected next week, which will shape the Fed's path for the next two years. Geopolitically, developments in Iran require close monitoring. **In terms of corporate earnings,** tech leaders such as Tencent, Alibaba, JD.com, and SMIC will release their reports consecutively. The market will look to these results to verify the strength of the AI and semiconductor recovery. Other highlights include: the US Treasury's $125 billion refinancing operation; Tencent Cloud raising CodeBuddy pricing to a maximum of RMB 316 per person per month; Alibaba Cloud domain price adjustments; Shunwang Technology partnering with Huawei to launch computing network solutions; and the Embodied AI Humanoid Robot Exhibition in Hangzhou. ## Economic Indicators - China and US April CPI and PPI On May 11, China will release its April CPI and PPI data. CICC expects that growth rates for 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, **PPI year-on-year growth may rise further to 1.8%, while CPI year-on-year growth may stabilize around 1.0%**, implying that the GDP deflator growth 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 due to the Middle East situation, the market expects US inflation data to continue rising, with CPI year-on-year growth projected at 3.8%.** In March this year, US CPI rose sharply by 0.9% month-on-month, the largest single-month increase since June 2022; year-on-year it rose to 3.3%, the highest level since 2024. Gasoline price increases hit records not seen since 1967. ## Financial Events - Will Trump visit China on May 14–15? Ministry of Foreign Affairs: China and US are maintaining communication on this matter In March, according to CCTV News, US President Trump expressed his intention to visit China in mid-May. At a regular press conference on March 26, Ministry of Foreign Affairs spokesperson Lin Jian 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.** According to recent media revelations on May 7, the US government has invited CEOs of major companies such as Nvidia, Apple, ExxonMobil, and Boeing to join the trip. - Continue to monitor developments in Iran; Trump previously stated a deal could be reached next 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 claimed 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 indicates that direct clashes have erupted between the US and Iran near the strait, causing the crisis in the Strait of Hormuz to escalate suddenly once again. - Powell's term as Fed Chair ends; Kevin Warsh expected to succeed Fed Chair Powell's term will end on May 15, with Kevin Warsh expected to take over the position. He stated that after his term as Chair ends, he will continue to serve as a Federal Reserve Governor. His term as a Governor has two years remaining. - Final confirmation vote for Warsh's Fed Chair nomination to be held (event spanning the week) Reports indicate that the US Senate Banking Committee approved Kevin Warsh's nomination as the next Fed 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 the 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, it will issue $58 billion in 3-year Treasury notes. On May 12, it will issue $42 billion in 10-year Treasury notes. On May 13, it will issue $25 billion in 30-year Treasury bonds. - **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 attend 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 "Create2026") 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 covering "Chip - Cloud - Model - Device," industrial applications, and the AI ecosystem. - **Tencent Cloud: Adjusts billing plans for CodeBuddy and WorkBuddy** Tencent Cloud issued an announcement regarding adjustments to the billing plans for CodeBuddy and WorkBuddy, scheduled to take effect on May 15, 2026. The proposal states that the Enterprise Flagship Edition will be renamed "SaaS Enterprise Edition," with the price adjusted from "RMB 78 per person per month" to "RMB 198 per person per month"; the Enterprise Exclusive Edition will be renamed "Private Cloud Enterprise Edition," with the price adjusted from "RMB 158 per person per month" to "RMB 316 per person per 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 prices effective 00:00 on May 12, 2026. Price adjustments: Renewal prices for .icu, .cyou, and .bond domains will be adjusted to RMB 125 per year, and transfer-in prices will be adjusted to RMB 125. Meanwhile, as the promotional campaign for the .love suffix ends, registration, renewal, and transfer-in prices will all revert to RMB 175. - Shunwang Technology to partner with Huawei to launch all-optical millisecond computing network service solution Shunwang Technology, in partnership with Huawei, will hold the "All-Optical Millisecond Computing Network" computing service solution launch event on May 14, 2026, themed "Optical-Computing Synergy · Empowering Networks with Intelligence." Both parties will collaborate 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 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 on May 15–16. - Hangzhou Embodied AI Humanoid Robot Exhibition and First Hong Kong Embodied AI Industry Summit & 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 AI Industry Summit & AGIBOT APC2026 (Hong Kong)" in Hong Kong. ## Earnings Reports Next week, **US stablecoin leader Circle**, SoftBank Group, Bayer Group, Wofengda, software leaders **Cisco, Siemens**, Deutsche Telekom, Applied Materials, and other companies will announce earnings. For Hong Kong stocks, **JD.com, JD Logistics, Tencent, Alibaba, Hua Hong Semiconductor, SMIC, Leapmotor, WeRide** and other companies will announce earnings. - **JD.com Q1 Earnings 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 Earnings Call** Tencent will announce its Q1 2026 results, with the conference call scheduled for 20:00 Hong Kong Time / 8:00 AM Eastern Time on May 13, 2026. - Alibaba Q1 Earnings 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 Q1 2026 Performance Briefing Kweichow Moutai announced that the company will hold its 2025 annual and Q1 2026 performance briefing via online text interaction on Panorama Roadshow from 16:00 to 17:30 on May 11, to communicate online with investors regarding production and operational conditions. - CIQ Quantum STAR Market IPO Review; Lumentum Added to Nasdaq-100 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. Overview of HK Stock Earnings Disclosure Dates for Next Week: Overview of A-Share Q1 Disclosure Dates: Risk Warning and Disclaimer The market carries risks; investment requires caution. This article does not constitute personal investment advice, nor does it take into account the specific investment objectives, financial status, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article align with their specific circumstances. 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