President Trump's private jet just landed in Beijing, accompanied not by traditional politicians but by a luxury group of American tech industry leaders.

The China-U.S. talks starting tomorrow have many nominal topics, but the capital markets have already voted with their feet, reducing the core to one number: how much is China willing to buy?
Buying American high-tech products, buying U.S. Treasury bonds—if the volume is large enough, the U.S. economy stays stable, U.S. stocks soar, and the crypto world celebrates wildly;
Buying less or not buying at all, the result is clear: U.S. stocks crash, cryptocurrencies collapse, and global risk assets come under pressure together.

So this meeting, on the surface, is a negotiation between countries, but at a deeper level, it’s a barometer of global liquidity.
The current market logic is very straightforward: the more China buys, the more confidence there is in dollar assets;
Conversely, if purchase volumes fall short of expectations, selling sentiment quickly spreads from the stock market to the crypto market.
Everyone staring at their screens is silently repeating the same phrase—don’t let it collapse, just buy!
Every statement and handshake in the next 48 hours could trigger a huge upheaval!