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
LONDON, June 11 (Xinhua) — The United States should resolve trade disputes with China through equal dialogue and win-win cooperation, Chinese Vice Premier He Lifeng said at the first meeting of the China-U.S. Economic and Trade Consultations Mechanism held in London from Monday to Tuesday.
The Chinese side reaffirms that the United States should work with China to match its words with deeds, demonstrate sincerity in fulfilling commitments and concrete efforts to implement consensus, so as to jointly uphold the hard-won results of the dialogue, he said.
During the talks, both sides held frank and in-depth talks and exchanged views on trade and economic issues of mutual interest.
The two sides reached an agreement in principle to implement the important consensus reached by the two heads of state during their telephone conversation on June 5 and the framework measures to consolidate the results of the trade and economic negotiations in Geneva, and made new progress in finding approaches to each other’s trade and economic concerns.
Calling the meeting an important consultation held under the guidance of the strategic consensus reached by the two heads of state on June 5, He Lifeng said Beijing’s position on China-US economic and trade issues is clear and consistent.
Noting that the essence of China-US trade and economic relations lies in mutual benefit and win-win cooperation, the vice premier said that cooperation between Beijing and Washington in trade and economic spheres is beneficial to both sides, while confrontation is detrimental to both sides.
There are no winners in trade wars, he said, adding that China does not seek conflict but is not afraid of it either.
He called on the United States to resolve trade disputes with China through equal dialogue and win-win cooperation, adding that while China sincerely holds trade and economic consultations, it also has its own principles.
Next, the two sides should, in accordance with the important consensus reached by the two heads of state during the phone call, make better use of the China-US trade consultation mechanism and make efforts to strengthen consensus, reduce misunderstandings and enhance cooperation, he said.
The two sides should maintain communication and consultation and promote stable and sustainable growth of economic and trade relations so as to bring more certainty and stability to the world economy, He Lifeng added.
The US side said the meeting achieved positive results and further stabilized bilateral trade and economic relations, adding that Washington will follow the same direction as Beijing to jointly implement the consensus reached at the meeting.
The American side was represented at the meeting by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamison Greer. –0–