Chinese Vice Premier He Lifeng has called on the United States to resolve trade disputes with China through equal dialogue and mutually beneficial cooperation. Speaking at a high-level meeting in London, He emphasized the importance of collaboration over confrontation to ensure global economic stability.
The meeting, held from Monday to Tuesday, marked the first session of the China-U.S. economic and trade consultation mechanism. He Lifeng met with U.S. Treasury Secretary Scott Bessent, U.S. Commerce Secretary Howard Lutnick, and U.S. Trade Representative Jamieson Greer to discuss pressing economic and trade issues.
“China-U.S. economic and trade relations are mutually beneficial and win-win in nature,” He stated. “Cooperation benefits both sides while confrontation harms both.”
He highlighted that there are no winners in trade wars, asserting that while China does not seek conflict, it will not be intimidated by one. He stressed that China remains sincere in pursuing economic and trade consultations but also stands firm on its principles.
The discussions resulted in a principled agreement to implement the important consensus reached during the phone call between the two heads of state on June 5. Both sides agreed to enhance consensus, reduce misunderstandings, and strengthen cooperation through the consultation mechanism.
“The two sides should maintain communication and consultation, and promote the steady and sustained growth of China-U.S. economic and trade relations,” He emphasized. “This will inject more certainty and stability into the world economy.”
The U.S. representatives acknowledged the positive outcomes of the meeting, noting that it had further stabilized bilateral economic and trade relations. They expressed willingness to work alongside China to implement the consensus reached during the leaders’ phone call.
The renewed commitment from both nations signals a hopeful step toward resolving trade tensions and fostering a more cooperative international economic environment.
