The "China US easing small cycle" is about to start? Taking history as a lesson, these three major industries are more likely to achieve excess returns. There are frequent signs of a rebound in China US relations. According to media reports, China and the United States held their first round of ocean affairs consultations in Beijing on Friday. Chinese Foreign Ministry spokesperson Wang Wenbin stated at a mid week press conference that both China and the United States agree to work together towards achieving the San Francisco summit. China and the United States will hold departmental level arms control and non-proliferation consultations in Washington next week, and will engage in dialogue and exchange on a wide range of topics such as compliance with international arms control treaties and non-proliferation. Last week, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, met with US Secretary of State Antony Blinken of the United States in Washington.