The high-level meeting on economic and trade affairs between China and the U.S. in Geneva was candid, in-depth and constructive, Chinese Vice Premier He Lifeng said on Sunday.

Substantive progress has been made and important consensus has been reached between the two sides, said He, also the Chinese lead person for China-U.S. economic and trade affairs, at a press conference following the conclusion of the two-day meeting with U.S. Treasury Secretary Scott Bessent, the U.S. lead person, and U.S. Trade Representative Jamieson Greer.

Both sides have reached an agreement on establishing a China-U.S. economic and trade consultation mechanism and will conduct further consultations on issues of mutual concern, he said.

China and the United States, He said, will finalize relevant details as soon as possible and release on Monday a joint statement agreed during the meeting.

He noted that under the current circumstances, the meeting was closely watched by the international community.

Through joint efforts of both sides, the meeting was fruitful, He said, adding that it is an important step towards resolving differences through equal dialogue and consultation, and has laid the foundation and created conditions for further bridging differences and deepening cooperation.

Economic and trade relations between China and the United States are not only of great significance to the two countries but also have an important impact on the stability and development of the global economy, said He.

He also called on the two sides to follow a practical attitude for solving problems, carry out candid dialogues and equal consultations, manage differences, explore cooperation potential, extend the cooperation list, and make the pie of cooperation bigger, so as to push for new development in China-U.S. economic and trade relations and inject more certainty and stability into the world economy.

Source: newscgtn