In a significant move toward global economic stability, China and the United States have reached preliminary outcomes following a series of intensive economic and trade consultations. A spokesperson for the Ministry of Commerce recently detailed the progress, highlighting a commitment to mutual respect and win-win cooperation.
The preliminary agreements encompass several key areas aimed at reducing friction and expanding economic ties. Central to these outcomes is the establishment of both a trade council and an investment council. Furthermore, the two sides have agreed on tariff reductions for specific products and are advancing the resolution of non-tariff barriers, particularly regarding market access for agricultural products.
The cooperation also extends to the aviation sector, with agreements on aircraft procurement and the supply of aircraft engines and related components. These measures are expected to expand two-way trade through reciprocal tariff reduction arrangements, providing a boost to industries in both nations.
This progress is the culmination of a year of diplomatic effort. Since May 2025, economic and trade teams have conducted seven successive rounds of consultations across the globe, meeting in Geneva, London, Stockholm, Madrid, Kuala Lumpur, Paris, and Seoul. The latest breakthrough occurred on May 13 during talks held in South Korea.
These developments come at a critical time of global turbulence, meeting the widespread expectations of the international community. By prioritizing peaceful coexistence and mutual benefit, the stabilized economic and trade relations between the Chinese mainland and the US are poised to bring much-needed certainty to the global market, benefiting businesses and residents worldwide.
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Stable China-US economic, trade relations bring certainty to the world
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