China and the United States have made notable strides in their economic and trade dialogue following two days of extensive discussions in London. According to a statement from the Chinese authorities, these talks, held on June 9-10, addressed mutual economic concerns and confirmed a principled agreement to implement previously established consensuses between the two nations’ leaders during their June 5 phone conversation.
The Chinese delegation, led by Vice Premier He Lifeng and U.S. officials including Treasury Secretary Scott Bessent, emphasized that the core of China-U.S. economic relations lies in mutual benefit and cooperative approaches. Vice Premier He urged for equal dialogue to amicably resolve trade disputes, reiterating China’s commitment to sincere negotiations while maintaining its principles.
According to political science expert Sun Taiyi, the meeting was an essential opportunity to clarify outstanding trade issues and guide bilateral relations back on a positive trajectory. Notably, this meeting followed significant advancements made in May during discussions in Geneva, where both sides agreed to reduce tariff levels, resulting in a remarkable increase in trade activities.
In the wake of these adjustments, a surge in container bookings from China to the U.S. was observed, with a 300% increase noted. A representative from Yantian Port confirmed a spike in container volume, further highlighting the importance of the U.S. market to Chinese suppliers.
China’s international trade representative expressed hope that these recent developments would foster trust and contribute positively to the ongoing economic and trade relationship between the nations.
Source: news.cgtn.com
