High-level China-U.S. trade talks were held in Geneva, Switzerland for consecutive days. He Lifeng, China’s lead negotiator for China-U.S. trade and Vice Premier of the State Council, stated at a press conference held by the Chinese delegation that the talks were candid, in-depth, and constructive, achieving pivotal consensus and substantial progress.

Both sides agreed to establish a China-U.S. trade consultation mechanism. Details will be finalized soon, and a joint statement on the outcomes will be released today (12th).

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He Lifeng emphasized that China-U.S. trade relations are paramount for both countries and cast a critical impact on global economic stability and development. China is willing to work with the U.S. to actively implement the important consensus reached during the January 17, 2025.

With a pragmatic problem-solving approach, both sides will engage in candid dialogue, equal consultation, and manage differences to tap into cooperation potential, expand the list of cooperative initiatives, and grow the scope of collaboration. This will drive new developments in China-U.S. trade relations, injecting greater certainty and stability into the global economy.