US-China Economic Talks Held in Stockholm
Xinhua News Agency, Stockholm, July 29 - (Reporter Han Jie, Chen Binjie) On July 28-29, Chinese Vice Premier He Lifeng led a delegation of officials from China's Ministry of Commerce to hold economic talks with US Secretary of the Treasury Janet Yellen and US Trade Representative Katherine Tai in Stockholm. The two sides had an in-depth and constructive exchange on issues such as bilateral trade relations and macroeconomic policies that concern both countries, recalling and affirming the consensus reached at previous meetings and the implementation of the London Framework. According to the consensus, both sides will continue to push forward the suspension of US tariffs on $24 billion worth of Chinese goods and China's countermeasures in a phased manner over the next 90 days.
He Lifeng stressed that the two teams should follow the important consensus reached by the leaders of both countries on June 5, adhering to the principles of mutual respect, peaceful coexistence, and cooperation for mutual benefit. The Chinese side has consistently maintained its position on China-US economic relations, which are based on mutual benefits and have a wide range of common interests and vast cooperation spaces in the field of trade. A stable, healthy, and sustainable China-US economic relationship not only serves the development goals of each country but also promotes the development and stability of the global economy. In the next step, both sides should continue to follow the important consensus reached by their leaders, fully utilizing the mechanisms for bilateral talks and consultations to enhance mutual trust, reduce misunderstandings, and strengthen cooperation, further deepening dialogue and consultation, and striving for more win-win results.
The US side emphasized that a stable China-US economic relationship is of great importance to both countries and the global economy, and expressed its willingness to work with China to continue to address trade disputes through bilateral consultations and push forward more consensus-building results, further stabilizing China-US economic relations.