China US Economic Talks Emphasize Cooperation Over Confrontation

The first meeting of the China-U.S. Economic and Trade Consultation Mechanism took place in London from June 9 to 10, marking a pivotal moment in the economic and trade relations between the two nations. The event was guided by the strategic consensus reached by the leaders of both countries on June 5, emphasizing the importance of mutual benefit and win-win cooperation.

Chinese Vice Premier He Lifeng, who attended the meeting, underscored China's clear and consistent stance on economic and trade issues with the U.S. He emphasized that cooperation in this field is beneficial for both sides, while confrontation would be detrimental. He Lifeng stated that China does not wish to engage in a trade war but is prepared to do so if necessary. The essence of China-U.S. economic and trade relations, according to He Lifeng, is mutual benefit and win-win cooperation.

The meeting aimed to address various economic and trade issues, fostering a more cooperative and mutually beneficial relationship. The discussions covered a wide range of topics, including trade policies, economic cooperation, and other areas of mutual interest. The focus was on finding common ground and resolving differences to promote economic stability and growth.

The consultations were held in a constructive atmosphere, with both sides expressing a commitment to dialogue and cooperation. The meeting highlighted the importance of maintaining open lines of communication and working together to address global economic challenges. The outcomes of the meeting are expected to have a positive impact on the economic and trade relations between the two countries, paving the way for further cooperation and collaboration.

Moving forward, both sides are encouraged to further leverage the role of the China-U.S. economic and trade consultation mechanism. This will involve continuously enhancing consensus, reducing misunderstandings, and strengthening cooperation in accordance with the important consensus and requirements reached during the phone call between the two heads of state.