CCTV News

The high-level China-US economic and trade talks were held in Geneva, Switzerland from May 10th to 11th. He Lifeng, the Chinese leader in China-US economic and trade affairs and Vice Premier of the State Council, said at a press conference held by the Chinese delegation on the evening of the 11th local time that the high-level China-US economic and trade talks were candid, in-depth and constructive, reached important consensus and made substantial progress. The two sides have agreed to establish a China-US economic and trade consultation mechanism. The two sides of China and the US will finalize the relevant details as soon as possible and will release the joint statement reached in the talks on May 12th.

He Lifeng said that under the current situation, this talk has received high attention from the international community. Through the joint efforts of China and the US, the talks were fruitful, taking an important step in resolving differences through equal dialogue and negotiation, laying the foundation and creating conditions for further bridging differences and deepening cooperation.

He Lifeng stated that China-US economic and trade relations are of great significance not only to the two countries but also to the stability and development of the global economy. China is willing to work with the US to actively implement the important consensus reached in the phone call between the two heads of state on January 17 this year, adopt a practical attitude of solving problems, conduct candid dialogue, equal negotiation, manage differences, tap cooperation potential, expand the cooperation list, expand the cooperation pie, promote new development of China-US economic and trade relations, and inject more certainty and stability into the world economy.

Responsible Editor: Wang Xiaofeng