Golden Finance News: From June 9th to 10th local time, the first meeting of the highly anticipated China-Us economic and trade consultation mechanism was successfully held in London, UK. The Chinese leader, Vice Premier of The State Council He Lifeng, led a delegation to have in-depth exchanges with the US leaders – US Treasury Secretary Byssent, as well as Commerce Secretary Lutnick and Trade Representative Greer.
This meeting lasted for two days. Both sides, with a candid and pragmatic attitude, conducted comprehensive and in-depth discussions on the economic and trade issues of mutual concern. During the tense and orderly consultations, the two sides reached a principled agreement on implementing the important consensus reached by the two heads of state during the phone call on June 5th and the framework of measures to consolidate the achievements of the Geneva economic and trade talks, and made new progress in addressing each other’s economic and trade concerns.
Vice Premier He Lifeng pointed out that this meeting is a key consultation carried out under the important guidance of the strategic consensus reached by the heads of state of the two countries. China’s position on China-Us economic and trade issues is clear and firm. It emphasizes that the essence of China-Us economic and trade relations lies in mutual benefit and win-win results. Cooperation is the correct path for both sides to achieve common development, while confrontation will only bring losses. China has always opposed trade wars and at the same time has a firm determination to deal with challenges. He Lifeng emphasized that the two sides should resolve differences through equal dialogue and mutually beneficial cooperation. China has shown both sincerity and adhered to principles in economic and trade consultations.
Looking ahead, both sides need to earnestly follow the requirements of the phone call between the heads of state of the two countries, further give full play to the positive role of the China-Us economic and trade consultation mechanism, enhance consensus, reduce misunderstandings, and promote the continuous deepening of bilateral economic and trade cooperation. China reaffirms that the two sides should move towards each other, fulfill their commitments with concrete actions, jointly safeguard the hard-won dialogue achievements, maintain continuous communication and exchanges, inject strong impetus into the stable and sound development of China-Us economic and trade relations, and add certainty and stability to the global economy.
The US side stated at the meeting that this meeting achieved positive results and played an important role in stabilizing bilateral economic and trade relations. The US side will strictly follow the requirements of the phone call between the heads of state of the two countries and make concerted efforts with the Chinese side to jointly promote the effective implementation of the consensus reached at this meeting.
The successful holding of the first meeting of the China-Us economic and trade consultation mechanism has not only injected new vitality into the development of bilateral economic and trade relations, but also brought positive signals for the stable growth of the global economy. Subsequently, how the two sides will further implement the consensus reached at the meeting and continuously promote economic and trade cooperation to a new height has drawn global attention.
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