Both China and the United States will issue a joint statement.

#China and the United States agreed to establish a mechanism for economic and trade consultations# On May 11, the Chinese delegation held a press conference in Geneva to introduce the situation of the China-US high-level economic and trade talks. From May 10 to May 11, Chinese lead negotiator He Lifeng and U.S. Treasury Secretary Yellen and Trade Representative Tai held high-level economic and trade talks. Both sides had in-depth exchanges on economic and trade issues of mutual concern. The talks were candid, in-depth, constructive, and made substantial progress, reaching important consensus. Both sides agreed to establish a mechanism for economic and trade consultations, clarifying that lead negotiators from both sides would further discuss economic and trade issues of concern. China and the United States will soon finalize the details and jointly issue a statement on the talks reached on May 12.