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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
KUALA LUMPUR, Oct. 26 (Xinhua) — Following two days of talks in the Malaysian capital, delegations from China and the United States reached a basic consensus on agreements to resolve relevant trade and economic issues.
Vice Premier He Lifeng of the State Council of the People's Republic of China met with US Treasury Secretary Scott Bessent and US Trade Representative Jamison Greer in Kuala Lumpur on Saturday and Sunday. Following the meeting, he stated that the essence of China-US trade and economic relations is mutual benefit and win-win, with both countries benefiting from cooperation and losing from confrontation.
Based on the important consensus reached by the two heads of state during their telephone conversations since the beginning of this year, the two sides held frank, in-depth and constructive exchanges of views on major trade and economic issues of mutual interest, including measures to address the investigation initiated by the United States under Section 301 of the US Trade Act regarding China's maritime, logistics and shipbuilding industries, the extension of the suspension of mutual tariffs, cooperation on fentanyl-related tariffs and enforcement, agricultural trade and export controls.
Both parties agreed to work out specific details and follow each party's internal approval procedures.
He Lifeng noted that maintaining stable development of trade relations between China and the United States meets the common interests of the two countries and their peoples and meets the expectations of the international community.
Regarding economic and trade differences and frictions, both sides should adhere to the principles of mutual respect, peaceful coexistence and win-win cooperation, conduct dialogue and consultation on an equal basis, and find ways to properly resolve the situation in light of each other's concerns, he said.
He Lifeng emphasized that maintaining the hard-won results of China-US trade and economic consultations requires joint efforts from both sides.
He called on the US side to work in the same direction with China, implement the important consensus reached by the two heads of state during their telephone conversations, as well as the results of bilateral trade negotiations held this year, and further strengthen mutual trust, manage differences, expand mutually beneficial cooperation, and elevate China-US trade and economic relations to a higher level.
The US side stated that the trade and economic relations between the United States and China are the most influential bilateral relations in the world, and expressed its willingness to work with China in the spirit of equality and respect to properly resolve differences, deepen cooperation and promote common development.
Both sides agreed that, under the strategic guidance of the leaders of the two countries, they will make full use of the mechanism of China-US economic and trade consultations, maintain close communication on relevant concerns in the economic and trade field, promote the healthy, stable and sustainable development of economic and trade relations, benefit the peoples of the two countries, and contribute to global prosperity.
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