Li Chenggang: China and the United States have reached a preliminary consensus on the prudent resolution of several important economic and trade issues

ChainCatcher news, according to Jinshi reports, on October 25 to 26 local time, the Chinese and American sides held economic and trade consultations in Kuala Lumpur. After the consultations, Li Chenggang, the international trade negotiation representative and vice minister of the Ministry of Commerce of China, stated to Chinese and foreign media reporters that both sides reached a preliminary consensus on properly addressing several important economic and trade issues of mutual concern, and the next step will be to carry out their respective domestic approval procedures.

"In the past month or so, there have been some fluctuations and disturbances in China-U.S. economic and trade relations, which have attracted global attention," Li Chenggang said. Since the China-U.S. Geneva economic and trade talks in May this year, the Chinese side has strictly followed the consensus reached during multiple phone calls between the leaders of the two countries, earnestly and seriously implementing the consensus arrangements reached in the economic and trade consultations, and carefully nurturing the hard-won, relatively stable China-U.S. economic and trade cooperation relationship. "These fluctuations and disturbances are not what the Chinese side wishes to see."

"The U.S. side's stance is firm, and the Chinese side's commitment to safeguarding its interests is resolute," Li Chenggang said. During this consultation, the economic and trade teams of China and the U.S. maintained mutual respect and engaged in equal dialogue. In the future, both sides will further strengthen communication and exchanges, making positive efforts for a more stable and healthier development of China-U.S. economic and trade relations.