CCTV financial commentary: Injecting more certainty and stability into the world economy.

From May 10th to 11th, China and the United States held high-level economic and trade talks in Geneva, Switzerland, and issued a joint statement this afternoon. As the world's two largest economies, the combined economic output of China and the United States accounts for more than one-third of the world's total. Faced with the downward pressure of the global economy, the direction of economic and trade relations between the two countries will undoubtedly have far-reaching market implications. In the face of external challenges, the Chinese people have always remained calm, steady, and focused on their work. They do not engage in double talk, coercion, or compromise on principles to seek so-called agreements. On the contrary, China has always kept its doors open to share development opportunities with the world, using its own certainty to counter the uncertainty of the external environment. In April, China's monthly import and export value, export value, and import value all achieved positive growth year-on-year. At the just-concluded Canton Fair, a record high of 376 top multinational procurement enterprises participated, indicating that the business community around the world recognizes that China is providing a reliable path for growth. It should be noted that the economic and trade cooperation between China and the United States has a solid foundation, great potential, and broad prospects. If both sides can engage in substantive negotiations on their respective economic and trade issues through the economic and trade consultation mechanism, a win-win result can be achieved. Just like what WTO Director-General Azevdo said after the joint statement was issued, "The talks signify an important step forward, and we hope this heralds a bright future." Safeguarding the healthy, stable, and sustainable development of China-U.S. economic and trade relations is in the fundamental interests of both countries and their people, and is also beneficial for global economic growth. Both sides should tap into the potential for cooperation, expand the list of cooperation, enlarge the cake of cooperation, and continue to advance China-U.S. economic and trade relations to inject more certainty and stability into the world economy.