China and the United States hold talks in Madrid, Spain on economic and trade issues such as TikTok.

From September 14th to 15th local time, the Chinese lead figure in the economic and trade field, Vice Premier of the State Council, He Lifeng, held talks in Madrid, Spain with the lead figure from the US, US Secretary of the Treasury Mnuchin, and Trade Representative Lighthizer. Guided by the important consensus reached in the phone call between the leaders of the two countries, they had candid, in-depth, and constructive communication on economic and trade issues of mutual concern. They reached a basic framework consensus on resolving TikTok-related issues in a cooperative manner, reducing investment barriers, and promoting relevant economic and trade cooperation. Both sides will negotiate on the relevant outcome documents and go through their respective domestic approval procedures. He Lifeng stated that China's determination to defend its legitimate rights and interests is firm, and it will resolutely protect the national interests and the legitimate rights and interests of overseas Chinese-funded enterprises. Regarding the TikTok issue, China will conduct technical export approvals in accordance with laws and regulations. At the same time, the Chinese government fully respects the wishes of our overseas enterprises, supports enterprises in conducting equal commercial negotiations with cooperation partners on the basis of market principles. He Lifeng pointed out that the essence of Sino-US economic and trade relations is mutual benefit and win-win cooperation, and both sides have broad cooperation space and extensive common interests. Cooperation between China and the United States is mutually beneficial, while confrontation will hurt both sides. It is hoped that the US and China will move towards each other, lift the relevant restrictions on China as soon as possible, and jointly uphold the hard-won results of the talks with practical actions, creating a good atmosphere for the stable development of Sino-US economic and trade relations. Both sides unanimously believe that stable Sino-US economic and trade relations are of great significance to both countries and have important impacts on global economic stability and development. Both sides will continue to implement the important consensus reached in the phone call between the leaders of the two countries and the achievements of previous economic and trade talks, fully play the role of the Sino-US economic and trade consultation mechanism, constantly enhance consensus, resolve differences, strengthen cooperation, strive for more win-win results, promote the healthy, stable, and sustainable development of Sino-US economic and trade relations, and inject more stability into the world economy.