US President Donald Trump is meeting Chinese President Xi Jinping in Beijing on May 14–15, marking the first visit by a US president to China in nearly a decade. The summit follows several postponements due to the Iran-Israel war and comes at a time of intensifying competition between the two global powers for international dominance.

The report highlights that China has overtaken the United States as the world’s top exporter, shipping goods worth 3.59 trillion dollars annually compared to America’s 1.9 trillion. China is now the main trading partner for 145 countries, though the US remains China’s largest partner. The United States leads in military spending, allocating 954 billion dollars in 2025, while China spent 336 billion. In technology, the US invests over 100 billion dollars in artificial intelligence, whereas China leads in electric vehicles and rare mineral processing.

Analysts cited in the report suggest that the ongoing rivalry in trade and technology could reshape the global order, with China’s state-driven model contrasting Trump’s “America First” approach focused on tariffs and domestic industrialization.