China and the United States have agreed to deepen economic cooperation through their bilateral consultation mechanism, according to a March 19 announcement from China's Ministry of Commerce. The agreement follows recent talks in Paris where officials addressed critical issues including tariff adjustments, trade facilitation, and investment promotion.
Spokesperson He Yongqian revealed that both sides engaged in "candid, in-depth, and constructive" discussions during the March 17 meeting. The dialogue yielded new consensus points and established plans to create specialized working groups aimed at expanding practical cooperation between the world's two largest economies.
The renewed commitment to structured communication comes as global markets face mounting pressures from supply chain realignments and currency fluctuations. Analysts suggest the working mechanisms could help stabilize bilateral trade, which reached $690 billion in 2025 according to World Bank estimates.
While differences remain on technology transfer rules and market access, both parties emphasized the importance of maintaining existing agreements and managing disputes through established channels. The development signals cautious optimism for businesses seeking predictable cross-Pacific trade conditions in 2026.
