Substantial progress made in China

From May 10 to 11 local time, the leading figures in the China-US trade sector – Chinese Vice Premier He Lifeng, US Treasury Secretary Bessent, and US Trade Representative Greer – held a new round of high-level economic and trade talks in Geneva, Switzerland. This meeting marks another in-depth interaction between the two countries to implement significant consensuses since a phone call between the Chinese and US presidents earlier this year.

According to sources following the meeting, the talks were conducted in an atmosphere of sincerity, depth, and constructiveness, with both parties reaching multiple important agreements on a range of major economic and trade issues, indicating substantial progress in China-US economic and trade relations.

The Chinese side stated that as the world's two most important economies, China and the US have broad common interests and extensive cooperation opportunities. Despite differences in development stages and economic systems leading to inevitable disagreements and frictions in trade cooperation, it is entirely possible to seek proper solutions through presidential diplomacy, adhering to principles of equal dialogue, mutual respect, and win-win cooperation.

It is noteworthy that China once again clearly opposed a trade war. China does not seek war but also does not fear it. If the US insists on harming China's legitimate rights, China will resolutely counteract and see it through to the end. This stance demonstrates China's strategic determination between safeguarding national interests and pursuing win-win cooperation.

Both parties agreed that maintaining the healthy, stable, and sustainable development of China-US trade relations is in the fundamental interest of both countries and their peoples and is conducive to the stable growth of the global economy. During the talks, the two sides agreed to establish an economic and trade consultation mechanism to facilitate continuous communication on issues of mutual concern, enhance coordination, and steadily advance practical cooperation.

In the future, China and the US will strive to explore more cooperation potential, expand the cooperation list, jointly promote bilateral economic and trade relations to new heights, and inject more certainty and stability into the global economy.

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