Li Chenggang: China and the United States have reached a preliminary consensus on the prudent resolution of several important economic and trade issues.

From October 25th to 26th local time, China and the United States held economic and trade consultations in Kuala Lumpur. Li Chenggang, the International Trade Negotiations Representative and Deputy Minister of the Ministry of Commerce of China, told Chinese and foreign media reporters after the end of the consultations that the two sides have reached initial consensus on addressing a number of important economic and trade issues of mutual concern, and the next step will be to go through their respective domestic approval procedures. "In the past month or so, there have been some shocks and fluctuations in China-US economic and trade relations, which have drawn global attention," Li Chenggang said. Since the China-US-Japan Geneva economic and trade talks in May this year, the Chinese side has strictly followed the consensus reached by the leaders of China and the United States in multiple phone calls, faithfully and seriously implemented the arrangements made in economic and trade negotiations, and carefully safeguarded the relatively stable and hard-won China-US economic and trade cooperation relationship. "These shocks and fluctuations are not what China wants to see." Li Chenggang introduced that over the past two days, the Chinese and American economic and trade teams have had in-depth and frank discussions and exchanges on a number of issues, including the US measures against China in maritime logistics and shipbuilding sector, further extension of the suspension period for equivalent tariffs, fentanyl tariffs and drug cooperation, further expansion of trade, export controls, etc., and constructively explored some solutions to address the concerns of both sides, forming a preliminary consensus. "The US side has expressed a tough stance, while the Chinese side has maintained its interests firmly," Li Chenggang said. During this consultation, the Chinese and American economic and trade teams have always respected each other and engaged in equal dialogue. In the future, both sides will further strengthen communication and exchanges in order to make proactive efforts for a more stable and healthy development of China-US economic and trade relations. Li Chenggang also expressed his gratitude to the Malaysian government for their warm reception and thoughtful arrangements. This article is reproduced from "Xinhuanet Co., Ltd.", edited by GMTEight: Liu Jiayin.