Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, May 13 (Xinhua) — At the recent China-U.S. high-level meeting on economic and trade in Geneva, the two sides had frank, in-depth and constructive discussions on many issues, reaching a number of important agreements and making substantial progress.
This was an important step towards resolving differences through equal dialogue and consultation, laying the foundation and creating conditions for further deepening cooperation.
China and the United States together account for more than a third of global GDP, and their mutual trade accounts for about a fifth of global trade, making trade ties between the two countries a key player in the global economy. With the global economic recovery sluggish and geopolitical tensions rising, it is clear that maintaining channels of communication between Beijing and Washington is essential. The significant progress made reflects joint efforts to resolve differences and find common ground in a complex global environment.
China has always taken a consistent and constructive approach to economic relations with the United States, seeking to return bilateral ties to the path of stable and healthy development through dialogue and consultation. It is encouraging that the United States has shown its willingness to participate in this process.
But the damage already done cannot be ignored. Over the past month, Washington’s unilateral tariffs have seriously damaged the economies of not only China and the United States, but the entire world. American companies and consumers are forced to pay more, and inflationary pressures in the United States continue to rise.
The global implications are even more alarming. US tariffs have disrupted global production and supply chains and undermined the rules-based multilateral trading system. International institutions such as the IMF and the World Bank have repeatedly warned that protectionism poses a serious threat to the global economic recovery. In this context, the recent round of talks between China and the US has provided a much-needed signal of stability and certainty.
The positive results of the Geneva meeting confirm that the only effective way for major powers to resolve differences is through equal and constructive dialogue, not confrontation. Given the different national contexts and priorities, differences are inevitable. It is important that they be resolved on the basis of mutual respect for each other’s core interests and through continuous dialogue.
No country will give up its legitimate rights to development in the face of unreasonable demands. Only through equal dialogue and consultation can the parties clearly state their concerns, clear up misunderstandings, and address the root causes of friction.
Maintaining a stable, sustainable, and mutually beneficial economic relationship with China is in the interests of the United States itself. Decades of mutually beneficial cooperation in trade, services, and mutual investment have brought concrete benefits to businesses and people on both sides. Despite recent tensions, the foundation of common interests remains strong.
China has consistently held that trade and economic disputes should be resolved through rational and respectful dialogue, rather than through pressure or threats. Unilateral coercion does not resolve problems, but only increases tensions, increases risks, and undermines the long-term interests of both sides.
The meeting in Geneva is a positive step forward in bilateral trade and economic relations, which helps lay the foundation for continued dialogue.
China is pleased to see dialogue resumed, but is fully prepared for the fact that resolving differences between the two countries will be long, complex and labor-intensive.
Beijing and Washington should maintain the current momentum of dialogue, keep differences under control, build consensus and strengthen trust through equal consultations.
More importantly, China and the US must take a longer-term perspective and a broader vision when approaching the world’s most important bilateral relationship, taking into account the fundamental well-being of their peoples and the overall picture of global peace and prosperity.
Strengthening cooperation based on mutual benefit and resolving differences on the basis of mutual respect is not only the responsibility of China and the United States, but also what the international community expects from them. –0–