Kuala Lumpur, October 25–26: China and the United States held a new round of economic and trade consultations in Malaysia’s capital, Kuala Lumpur. Following the talks, Li Chenggang, China’s Vice Minister of Commerce and Representative for International Trade Negotiations, announced that both sides had reached a preliminary consensus on several key economic and trade issues of mutual concern, with the next step being the completion of their respective domestic approval procedures.
Li stated that over the past month, China–U.S. trade relations have experienced a period of instability and fluctuations, drawing international attention. Since the bilateral meeting in Geneva last May, China has worked sincerely to implement the consensus reached by both nations’ leaders, striving to preserve the hard-won stability of the bilateral economic relationship. “These fluctuations,” Li noted, “are not what China wishes to see.”
During the two-day meeting, the Chinese and U.S. delegations held frank and in-depth discussions on a wide range of topics, including U.S. Section 301 tariffs on China’s shipbuilding and maritime transport sectors, the extension of mutual tariff suspensions, fentanyl-related tariffs and anti-narcotics cooperation, trade expansion, and export control measures. Both sides exchanged views constructively and achieved initial agreements on some issues of shared concern.
Li emphasized that while the U.S. delegation presented its stance firmly, China resolutely defended its national interests. He added that the talks were marked by mutual respect and equality, reflecting a mature and pragmatic approach from both sides. Looking ahead, Li said that China and the U.S. will intensify communication and dialogue to ensure that bilateral economic and trade relations continue to develop in a stable and healthy manner.
Source: Shishir, Touhid, and Xueyi — China Media Group.