Goldman Sachs
May 10, 2026
China Musings: Investor FAQs Ahead of Trump-Xi Meeting
Macro ThematicEquitiesMacro Economic IndicatorsInformation TechnologyHealth Care
Goldman Sachs analyzes the tactical investment opportunity in Chinese equities ahead of the May 2026 Trump-Xi meeting, noting historical post-meeting outperformance.
Key Takeaways
- 1.President Trump is expected to meet President Xi in Beijing on May 14-15, 2026, marking the first of potentially four meetings this year.
- 2.Historical data shows Chinese equities typically range-trade ahead of such meetings but perform well thereafter, averaging 4% returns in the following 3 months.
- 3.GS economists expect a trade-oriented deal involving Chinese purchases of US farm, energy, and manufactured goods in exchange for reduced tech restrictions.
Table of Contents
- What's going to happen?
- How did Chinese equities trade around previous Trump/Xi interactions?
- What were the deliverables in the prior meetings?
- What could be discussed at the meeting?
- What's GS expectation going into the meeting?
- What's market expectation going into the meeting?
- How to position for the event in Chinese equities?
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Kinger Lau, CFATimothy Moe, CFASi Fu, Ph.D.Kevin Wang, CFA
Securities
700 HK300750.SZNVDA0981.HK / 688981.SS
Themes
US-China Geopolitical TensionsTechnological Self-SufficiencyTrade Policy and Tariffs
Regions
Asia PacificNorth AmericaChinaUnited StatesTaiwan