Trump Xi Summit Decoded: Thucydides Trap, Boeing Deal & China AI Chip Strategy - E697

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Jeremy Au 0:00
Nvidia used to have a monopoly of 95% of the Chinese market and now they're like less than 10% of the Chinese market already.
Jianggan Li 0:07
Rubio was actually under sanction in China before he became the Secretary of State. But since he became part of the government, what the Chinese government did is that they changed the transliteration of his name. He replaced his name, the first character, with another character saying, Hey, this is a different person. She was explaining that okay, some of the trees are 290 years old and some of the trees are 400 years old, but that's obviously older than the United States of America. And he also said in some parts of this garden the trees are a thousand years old. I do think that the way he says it is in a way to project a way to say that we have been in this world for a long time and there's some continuity here
Jeremy Au 0:40
Welcome to Brave. Learn from Southeast Asia's best tech leaders. Build the future, learn from our past, and stay human in between. No BS on success. I'm Jeremy Al, venture capitalist, Sierra founder, Harvard MBA, science fiction nerd, and dad of two daughters. Every week, we debate startup news, interview change makers, answer listener questions, and share personal insights. Join our movement of over 40,000 members and get transcripts, resources and community at www.bravesdea.com. Stay well and stay brave. Hey Tiangan, excited to have you on the show to talk of all things about US and China. How's life for you? Life for me.
Jianggan Li 1:29
involves too much travel at the moment. Uh I am actually traveling in between cities in China. Lots of train rides. So I take the high speed rail almost every day and yesterday I took a train ride and I showed photos of countryside to my friend and he said oh this feels like Europe. I said yeah this feels China was different 20 years ago when everything was poor but now when the countryside becomes affluent and becomes like Europe.
Jeremy Au 1:50
So lots of talk about the uh recent Trump and Xi Jinping summit. I think there's a lot of news, media about it. Obviously, everybody's on high tensions, high suspense, especially because the summit was initially delayed uh due to the Middle East conflict. Very much a lot of stakes going in, a lot of speculation. So how do you think it turned out?
Jianggan Li 2:09
Oh, I think it turned out well. And obviously when I was speaking with my friends outside China, everyone's saying that oh there's no major deal, right? Aside from some Boeing plans which they'll probably be buying anyway. So you don't see any major announcement, you don't see the commitment being made. So everyone's looking for deliverables, saying that hey, you must have a big deal to make this summit a success. And there's no deal in Iran, there's no deal on homes, and the China didn't pressure whatever. So people say that okay, there's no results. When you have two Powers who have a deep mutual suspicion of each other. I mean having that kind of meeting, and the meeting doesn't deteriorate doesn't escalate any of the tensions, doesn't doesn't cause the relationship to deteriorate.
Jianggan Li 2:44
I think both parties will probably reiterate, okay, this is our bottom line, or this is our true bottom line, or this has not moved, or this has moved. I think having those cards clearly laid out to the others, I think that itself is already a success because I'm pretty sure that Lucy. Policy makers on both sides do not have the illusion that the relationship will be smooth selling for the next, I don't know, five years, a decade or so. So, what they want to do is to make sure that okay, both parties still talk and things do not go for the worse. So, in in that regard, I think the summit went well. You see all this walking in a garden and and checking out the kids jumping around, and it it painted a very harmonious picture.
Jianggan Li 3:23
I think that's at least for the

What made the Trump‑Xi summit a strategic win despite no headline deals?

Jianggan Li 3:24
China side is what they wanted.
Jeremy Au 3:25
Yeah, so a lot of big visuals that came up along the way as well. There were I think Nice Dinner where all the business leaders were there, Elon Musk, Tim Cook, uh, as well as obviously their Chinese counterparts.

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