May 4,the China-USEconomic and Trade Consultation reached a consensus on some issues. The two sides agreed to establish a working mechanism to maintain close communication.
The Chinese side has repeatedly stressed that the Chinese side will adhere to the end in insisting on unilateralism and trade protectionism. It will definitely fight back, must take new and effective countermeasures, and at all costs, must resolutely defend the interests of the country and its people.
As the world’s two largest economies, the trade imbalance between China and the United States is a structural issue and a long-term problem. Therefore, to handle this complicated issue, China and the United States should negotiate in an attitude of fairness, rationality, frankness, and pragmatism. In this consultation process, we must proceed on the correct track of equality, mutual benefit, mutual respect, and no prior restrictions. The two sides should seek the greatest consensus among each other on the basis of seeking common ground while reserving differences and responsibly. This is not only responsible for the well-being of the peoples of China and the United States, but also responsible for the multilateral trading system and global free trade, and is also responsible for the steady growth of the world economy.
At present, China and the United States still have relatively big differences on some issues. The two sides also agreed to continue to maintain close communication on relevant issues. China and the United States can only seek common ground while reserving differences and manage their differences in a fair, rational, candid and pragmatic approach, and can only go side by side on relevant issues and achieve more positive results in the next round of consultations.
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