The Marx International

The representative of China's billionaire capitalist oligarchs, Xi Jinping, and the representative of the world's billionaire capitalist oligarchs, Donald Trump, met at a summit between May 13 and 15, 2026, in the Great Hall of the People in Beijing. Xi Jinping rolled out a red carpet surrounded by children with cheering batons to welcome the leader of global imperialism, while Trump declared, referring to Xi: "He's a great leader, I always say that... he's my friend... he's a very smart man... We're going to have a fantastic future together." Xi reciprocated the praise: "I'm happy... President Trump wants to make America great again, and I am committed to leading the Chinese people toward the great rejuvenation of the Chinese nation. By strengthening cooperation, China and the United States can contribute to each other's development and rejuvenation."

During their private meeting at the Zhongnanhai complex, Trump and Xi signed agreements and commitments, including the creation of a Board of Trade and bilateral trade and investment committees composed of senior officials from both countries. Xi pledged to purchase 200 commercial aircraft, agricultural products such as beef and soybeans, and U.S. oil. Trump, in turn, authorized a group of Chinese technology companies to purchase advanced artificial intelligence chips, specifically NVIDIA's H200 series, and renewed cooperation agreements for the supply of rare earth elements and a joint effort to block the export of fentanyl precursor chemicals.

Beyond the mutual praise, the summit and the agreements reached by Trump and Xi pose a danger to the workers and peoples of the world. Not because they are "all-powerful " governments, as the capitalist media portrays them, but because they are two governments experiencing profound crises. Both governments preside over countries facing severe crises, besieged by popular discontent, and are attempting to keep afloat the imperialist capitalist system they both defend, a system that is collapsing, as you can read by clicking here. The agreements between these two governments seek to overcome their current crises and attempt to pull capitalism out of them by attacking the rights and achievements of workers and peoples worldwide.

A Summit with the Wall Street Mafia

The government of Xi Jinping and the Communist Party of China (CPC) are anything but communist. They are an exploitative, anti-worker, mafia-like, and corrupt capitalist oligarchy that brutally represses the Chinese people and indigenous communities in service of the profits of the world's largest capitalists. They have imposed wages of between $100 and $147 and banned all opposition, demonstrations, and protests, all in service of the profits of large imperialist multinationals. This has turned China into a sub-metropolis of imperialist capital that outsources massive amounts of capital to oppress smaller, poorer nations. However, China is no longer the "engine of the world," it is in recession, inflation has begun, and a serious crisis is unfolding, as you can read by clicking here.

But the summit wasn't only comprised of Xi Jinping's corrupt and dangerous capitalist mafia; it also included the mafia that dominates the world, the corrupt oligarchy of the 1% on Wall Street. The business delegation that accompanied President Donald Trump included top executives and magnates from global corporations such as Larry Fink, CEO of BlackRock; Stephen A. Schwarzman, CEO of Blackstone; David Solomon, Chairman and CEO of Goldman Sachs; and Jane Fraser, CEO of Citigroup, as well as Elon Musk, CEO of Tesla and SpaceX; Jensen Huang, CEO of Nvidia; and the CEOs of Apple, Qualcomm, Meta, Boeing, Aerospace, Mastercard, Visa, Cargill, and others.

A veritable "colonial" delegation from the 1% oligarchy that dominates the world, for a China in crisis and in need of imperialist investment. Xi Jinping himself organized a special meeting with this group of businesspeople, guaranteeing them that China would continue to expand the opening of its markets and offer them a "receptive business environment" —that is, allowing imperialist capital to exploit cheap Chinese labor and seize the country's most important assets, the role the CCP dictatorship has been playing for 30 years.

And what about World War III?

The Trump-Xi summit is also a slap in the face to the pundits, charlatans, and political scientists who defend the "Decoupling Theory" and keep saying that China is about to dethrone the US from its global dominance, and that the confrontation between these two "imperialisms" is leading the world toward the inexorable prospect of World War III. This prediction that we are heading toward WWIII is one of the oldest predictions in history that never comes true. Ninety-nine percent of the global left, which broke with Marxism and has become reformist, Stalinist, and camp-like, has adopted the Decoupling Theory as its own and disguises it as Marxism. To read about the Marxist response to the Decoupling Theory, click here.

But the Trump-Xi summit shows that there is no struggle between China and the US; on the contrary, Xi and the Communist Party are rolling out the red carpet for imperialism to enter China. Xi says he is "happy" with Trump, and Trump says Xi is his "friend ." They are not enemies, but partners who jointly defend the imperialist capitalist system: the US as the hegemonic imperial power that dominates the world economy from Wall Street, and China as a subordinate sub-metropolis. The US is coming to China's rescue with this summit because a central component of China's crisis is that imperialist investments are leaving China. The struggle of the Chinese workers and people for better living conditions is scaring away multinationals and capitalist corporations.

Trump is coming to China's rescue. They need capitalist China, which provides cheap labor, the great global factory that generates enormous profits for imperialist global corporations. That's why the CEOs are going there with Trump, to signal to the world that imperialist investments are returning to China. This is the basis of the agreements they have signed, and they are a danger to the workers and people of the world, and first and foremost, to the workers and people of China.

The charlatan pundits and bourgeois journalists analyze the summit between Trump and Xi and ask, "Did Trump win? Did Xi win?" They present their nonsense and charlatanism as "geopolitical expertise ." We Marxists laugh at the "geopolitical" analyses of these bourgeois charlatans and the reformist left. " Geopolitics" doesn't exist. Their analyses are a fantasy; they are not reality because the reality of the world situation is not a struggle between "countries" but between social classes. It is the reality of the struggle between revolution and counter-revolution, between the workers and peoples of the world against the global counter-revolutionary front comprised of Trump and his junior partner, Xi, against the peoples of the world. From the Marx International, we call for a struggle to defeat the agreements made between Trump and Xi on the path to the defeat of capitalism and the imposition of global socialism.