Chinese Vice Premier and head of the Chinese delegation in the China-US economic and trade negotiations, He Lifeng, attended a press conference and expressed that China and the US have reached important consensus and made substantive progress in the talks.

The China-US high-level economic and trade talks were held in Geneva, Switzerland from May 10th to 11th. Chinese head of the economic and trade team and Vice Premier of the State Council, He Lifeng, said during a press conference attended by the Chinese delegation on the evening of the 11th that the high-level economic and trade talks between China and the United States were candid, in-depth, constructive, and reached important consensus, achieving substantive progress. Both sides agreed to establish a China-US economic and trade consultation mechanism. China and the United States will soon finalize the relevant details and issue a joint statement on the talks on May 12th. He Lifeng said that the current situation has drawn high attention from the international community. Through the joint efforts of China and the United States, the talks were fruitful, taking an important step towards resolving differences through equal dialogue and negotiation, laying a foundation and creating conditions for further bridging differences and deepening cooperation. He Lifeng stated that the China-US economic and trade relationship is of great significance to both countries and also has an important impact on global economic stability and development. China is willing to work with the United States to actively implement the important consensus reached in the phone call between the two heads of state on January 17th of this year, approaching problem-solving with a practical attitude, candid dialogue, equal negotiation, managing differences, tapping into cooperation potential, expanding the cooperation agenda, enlarging the cooperation cake, and promoting new developments in China-US economic and trade relations, injecting more certainty and stability into the world economy.