Geneva | Updated: China and the United States have made "substantive progress" in high-level economic discussions, Chinese Vice Premier He Lifeng announced on Thursday, signaling a potential thaw in trade relations amid global market uncertainties. The two-day talks in Geneva culminated in a joint agreement to establish a bilateral economic and trade consultation mechanism aimed at addressing core concerns and fostering stability.
The vice premier described the dialogue as "candid, in-depth, and constructive," underscoring commitments to resolving differences through structured negotiations. Analysts say the mechanism could streamline coordination on issues ranging from tariffs to supply chain security, offering clarity for businesses navigating Asia-Pacific markets. While details remain undisclosed, the move aligns with broader efforts to de-escalate tensions following recent disputes over technology exports and investment restrictions.
