PANews reported on October 26th that, according to Jinshi, Vice Premier He Lifeng stated that the essence of China-US economic and trade relations is mutual benefit and win-win results. Cooperation benefits both sides, while conflict hurts both. Maintaining the stable development of China-US economic and trade relations serves the fundamental interests of both countries and their peoples, and also meets the expectations of the international community. Regarding differences and frictions arising in economic and trade cooperation, both sides should adhere to the principles of mutual respect, peaceful coexistence, and win-win cooperation, and find ways to properly address each other's concerns through equal dialogue and consultation. The hard-won achievements of the China-US economic and trade consultations require joint efforts to safeguard them. It is hoped that the US and China will work together to implement the important consensus reached in previous phone calls between the two heads of state and the outcomes of the economic and trade consultations held this year, further build mutual trust, manage differences, expand mutually beneficial cooperation, and elevate bilateral economic and trade relations to a higher level. Both sides agreed to give full play to the role of the China-US economic and trade consultation mechanism under the strategic guidance of the two heads of state, maintain close communication on their respective economic and trade concerns, and promote the healthy, stable, and sustainable development of China-US economic and trade relations for the benefit of the people of both countries and the promotion of world prosperity.


