Wang Yi, Rubio Discuss China-US Relations in Phone Call

The read-through for markets is that the diplomatic channel between Beijing and Washington is functioning at the foreign-minister level, and that both sides are explicitly framing the relationship around a stable, agreed positioning rather than drift. The mention of mutual support for hosting APEC 2026 and the G20 signals an interest in keeping multilateral economic calendars intact, which matters for cross-border business planning. Whether that cooperative framing survives contact with unresolved trade and technology frictions is the open question worth tracking.