On September 19, the first call between the two heads of state, which was the first direct communication with the Chinese leaders since Trump's return to the White House, was highly concerned by the outside world, and after the end of the conversation, the market responded quickly, interpreting it as a signal of stable China-US relations.

However, just one day later, Russia sent a "big gift" directly the next day, which made the outside world begin to reassess the depth and direction of Sino-Russian cooperation.

Trump just tried to ease the tension, but Putin immediately took action. What does it mean behind this?

Why is the market collectively ¡°leashed¡±?

The first call, which is highly concerned by the outside world, appears to be a "conventional interaction", and the reality hides the possibility, while China emphasizes "mutual achievement and common prosperity", while the United States expresses its willingness to "manage differences and promote cooperation" with China.

This is not a passage of diplomatic dictum, but a clear signal to the market that the Sino-U.S. relationship, at least temporarily, has not continued to slide into the abyss of confrontation.

As soon as the news came out, U.S. stocks immediately gave a "positive feedback". The Dow Jones index soared by 1.5%, and global investors seemed to finally breathe a sigh of relief.

The call was a ¡°market stabilizer¡± and not only the U.S. stock market warmed up, but the Asia-Pacific market also generally followed up, indicating that capital is highly sensitive to China-US expectations of easing.

And a phone call can push the global market, because the interaction of the two largest economies in the world, not only the political level of "you come to me", behind the global supply chain.

From chips to new energy vehicles, from artificial intelligence to aviation manufacturing, no field can be divorced from the reality of Sino-US cooperation.

But the U.S. policy is not so stable, take aviation as an example, in 2024, the U.S. Department of Commerce once suspended the export license for the Chinese C919 passenger aircraft's engines, after several months and quietly resumed.

This operation of "slapping and handing a candy" not only alerts China, but also makes the market see the swing and anxiety of the US's own strategy.

The core problem behind this is that the U.S. is concerned about China's technological outburst, but can not completely disconnect, but the problem lies in the fact that the more blockade, the more China is determined to follow the independent route, and at this time, Russia's "shipment of coal in the snow", obviously more real than the U.S. side's "cold time hot".

Putin¡¯s ¡°great gift¡± hit America¡¯s soft ribs.

Just the day after the first Chinese-US call, Russian First Deputy Prime Minister Manturov openly stated that Russia was willing to provide China with core technologies including composite material wings and heavy aircraft engines PD-26.

This is not a clientele, but a practical technical cooperation.

You know, aero-engines are not something that can be built by changing screws. At present, there are only a handful of countries in the world that can independently develop high-thrust engines. Apart from the United States, there are only Britain, France and Russia.

PD-26 is a heavy-duty engine tailored by Russia for wide-body passenger aircraft and transport aircraft. Its predecessor PD-14 has been successfully assembled with the Russian-made MC-21 passenger aircraft and is one of Russia's most proud equipment in recent years.

Although China's C919 passenger aircraft has completed its first commercial flight, its key component engine has always relied on the CFM LEAP-1C, a joint venture between the United States and Europe.

This means that once the West has the neck, it will seriously affect China's autonomous development in the field of civil aviation, and the Russian side this time is willing to put the technology of the PD-26 and the composite wing on the negotiating table, and so on, the breakthrough directly delivered.

This "big gift" is not a simple technology transfer, but also a strategic binding.

Russia needs the Chinese market to share its high R&D costs, while China needs to get rid of its dependence on Western high-end manufacturing, which combined to create a new situation that is absolutely unfavorable to the United States.

Compared to the U.S. approach is high, the U.S. side says cooperation, but the action is frequently restricted, 2024 C919 engine export license "suspension wave", is the most typical example.

Russia, on the other hand, is directly exposed to the bottom of the table, putting key technologies on the table, and this "active strike" gesture not only demonstrates strategic mutual trust between Russia and China, but also makes the U.S. sanctions strategy more and more remarkable.

America¡¯s worst situation.

The biggest concern of the United States over the years is not that China can¡¯t buy engines, but that China is beginning to no longer need them.

The intention of the technological blockade is to slow China's footsteps, but the reality is that China-Russia technological cooperation is getting closer and closer, and China's development and development of the Yangtze River-1000A engine is significantly accelerating.

Once the development motivation really landed, the supply chain of the C919 will realize the domestication of the key links, when the U.S. side's "technical card" will start again, and will only hit the fist.

Even more headache to the US is that the global industrial chain is quietly "de-Americanization", the statement of the BRICS summit in 2025 mentioned, to promote member countries to strengthen cooperation on the basis of key technologies and industries.

Not only China and Russia are moving, but ASEAN countries are also adjusting their direction, and more and more countries are beginning to seek out the unilateral system dominated by the United States, looking for "preparation" and new partners.

China-US-Russia triangular relations are also quietly restructured, while China retains communication channels with the United States, while deepening high-end manufacturing cooperation with Russia, this "double-track strategy" makes China more proactive in the game.

The US wants to put pressure on China through technological blockade, but the result has accelerated China¡¯s technological independence process.

Especially in key areas such as aviation, chips, new energy, the U.S. side originally hoped to ¡°take China¡¯s neck,¡± but as a result pushed China towards ¡°self-made¡± more and more.

In the final analysis, what the United States is most afraid of is that China is no longer afraid of it. Now China has the ability, channels and partners to bypass the blockade and go out of its own way.

The first call from the US dollar released a signal of mitigation, and Putin's "grand tribute" directly teared the line of defense of the U.S. strategy.

The United States wants to repress China by technology, but the reality is that the process of autonomousization is forced faster, the cooperation circle is wider, and Russia's "give-up" is not a surprise, but a strategic choice.

Competition will continue in the future, but China is no longer the role of "helping hand" in the global industrial chain.

Independent research and development, friendly cooperation, and diversified layout are the "customs code" to break the blockade, and the calculation of the United States is refined, and it is difficult to prevent the trend of multipolarization from rolling forward.

The era of maintaining hegemony by cutting off others' oxygen is being broken through by joint efforts. The current situation is not "who isolates who", but who can find the next friend who can really cooperate faster.

reference

Russian Deputy Prime Minister plans to supply heavy engines to Chinese aircraft 2025-09-20 09:05