On September 14-15 local time, China-US economic and trade leaders, Deputy Prime Minister Ho Chi Minh and U.S. Leader, U.S. Treasury Secretary Bessent and Trade Representative Gerrill held talks in Madrid in Spain. The two sides will consult on the relevant results documents and carry out their respective domestic approval procedures, conducted an honest, in-depth and constructive communication on the economic and trade issues concerned by the two sides, on cooperation to solve TikTok-related issues, reduce investment barriers, promote economic and trade cooperation, etc. The two sides reached a basic framework consensus. The Chinese delegation held a press conference after the talks, China's International Trade Representative and Deputy Minister of Commerce, Li Xi Jinping, said: "There is also a profound frame

¡°Honest, profound and constructive communication¡±

On the evening of 15 local time, at the press conference held by the Chinese delegation after the end of the China-U.S. Madrid talks, the Chinese Ministry of Commerce International Trade Negotiations Representative and Deputy Minister Li Zhen Steel said that in the past two days, the two sides have actively implemented the important consensus of the two heads of state, fully give full play to the role of the Sino-U.S. economic and trade consultation mechanism, on the basis of mutual respect and equal consultation, on the economic and trade issues of interest of both sides, such as TikTok, a sincere, in-depth and constructive communication.

With regard to TikTok, Li Zhen Steel said that China has consistently opposed the politicization, instrumentalization and arming of science and technology and economic trade issues, and will never seek to reach any agreement at the expense of its principle position, enterprise interests and international fairness.The Chinese side will resolutely safeguard the national interests and the legitimate rights and interests of Chinese-owned enterprises, and conduct technology export approval in accordance with the law.At the same time, the Chinese government fully respects the will of enterprises and supports enterprises to conduct equal business negotiations on the basis of market principles.

Li Zhen Steel said that through discussions on TikTok issues, the two sides further recognized the importance of stable and healthy Sino-US economic and trade relations. The two teams will continue to maintain close communication, consult on the details of relevant achievement documents, and implement domestic approval procedures.

In an interview with the reporter of the Global Times, the researchers of the Ministry of Commerce said that in the situation of serious difficulties in China-US economic and trade relations, the two sides formed a framework consensus and reached talks in some areas through the Madrid economic and trade talks, the main reason is that the two sides have a political will to stabilize economic and trade relations, under the leadership of the two heads of state's important consensus, the economic and trade teams of the two sides are based on the principle of mutual benefit and win-win, and actively promote the solution of differences in economic and trade between the two sides.

Since May, the economic and trade teams of the two sides have held four rounds of talks to continuously promote the effectiveness of the solution of problems through dialogue and consultation mechanisms. At the same time, we pay attention to China's consistent stance in addressing economic and trade differences with the United States, adhering to mutual respect and equal consultation, and seeking the maximum number of conventions of interests through consultation dialogue.

Xi Jinping, executive director of the International Trade Association of China, told the Global Times that China and the United States had four rounds of economic and trade talks in the past four months, and this intensity demonstrated that both sides are willing to stabilize bilateral economic and trade relations, and hope to overcome differences and find some solutions that both sides can accept. Xi Jinping said that the two sides not only reached a basic framework consensus, but also that the two sides sincerely deal with differences based on the principle of mutual respect and equal consultation.

China does not compromise on the principle of sacrifice

At the conference, Wang Jintao, deputy director of the National Internet Information Office of China, pointed out in response to media questions that the two sides in China and the United States have reached a basic consensus on solving TikTok issue on the basis of fully respecting the will of enterprises and the laws of the market, through TikTok U.S. user data and content security business to entrust operations, algorithms and other intellectual property use rights, etc. The Chinese government will approve TikTok's technology export, intellectual property use rights and other matters in accordance with law.

Wang Jintao said that the Chinese government has consistently firmly supported the safeguarding of the legitimate rights and interests of Chinese-owned enterprises, and supported the active development of enterprises abroad.I hope that the United States can, in accordance with the consensus reached by both sides, provide an open, fair, fair and non-discriminatory business environment for Chinese enterprises, including TikTok, to continue operations in the United States, and promote the stable, healthy and sustainable development of China-US economic and trade relations.

In an interview with the Global Times on the 16th, China's Deputy Chairman of the World Trade Organization Research Council said that China's position on TikTok is to respect the will of enterprises and observe the principles of the market to handle, showing China's flexibility in this issue. But TikTok concerns technology exports and intellectual property rights licensing, must be approved in accordance with China's relevant laws. This also shows that if future Chinese-US enterprises engage in commercial cooperation on similar issues, it must comply with China's policy requirements.

There are Chinese experts who believe that for TikTok, China's statement is very clear, China does not make transactions to sell enterprises, does not make compromise on the principle of sacrifice. The U.S. has once spotted TikTok as a "national security" threat, but China's attitude is very determined: on the one hand, opposing the politization, instrumentalization, arming of technology and economic trade issues; on the other hand, in the face of differences, it is not to circumvent or compromise, but to brighten out the principle, and then to find a space for cooperation under the principle.

China firmly opposes U.S. jurisdiction

At the same time, the Chinese side noted that after a series of economic and trade consultations, the United States is still continuously expanding sanctions on Chinese entities.At the press conference on 15th, China's Ministry of Commerce International Trade Negotiations Representative and Deputy Minister Li Zhen Steel pointed out that the United States has widespread national security, continuously expanded the list of sanctions on Chinese entities, the long arm of jurisdiction is increasingly extended, this is a typical unilateral bullying, there is a violation of the basic norms of international law and international relations, China firmly opposes this, and has expressed serious concerns to the United States in the talks.

During the meeting in Madrid, U.S. Treasury Secretary Bessent spoke again in an interview on the 15th to prevent the purchase of Russian oil on the grounds of tempting or forcing Europe to impose "secondary tariffs on China and India". he said: "We hope that European countries will now do their part, without the help of European countries, our actions would not move forward."

The General Administration of National Market Supervision and Administration announced on the 15th that after the preliminary investigation, the company violated the "Antimonopoly Law of the People's Republic of China" and the "Announcement of the General Administration of Market Supervision on Additional Restrictive Conditions for the approval of the company's acquisition of the company's shareholding case of the Antimonopoly Review Decision", the General Administration of Market Supervision decided to carry out further investigation in accordance with the law.

In the past few months, the US has abused high tariffs on China and threatened with TikTok. China has countered it and launched a number of anti-monopoly investigations. This is a warning that if the US continues to act like in the past, there will be consequences. The New York Times said in the relevant report that the head of the National Market Supervision Administration of China recently also talked about "strengthening global fair competition governance", which shows that China not only increases its censorship of advanced technology industry acquisitions, but also participates in the global anti-monopoly rules.

In the future, the two sides should strive to more results through consultations on the basis of the results of the four rounds of economic and trade talks.This especially requires the United States to abandon the unilateral sanctions and the wrong practice of compulsory jurisdiction, the United States should respect China's important concerns, eliminate misunderstandings, go forward with China, and jointly explore the right path to inject more stability and certainty into bilateral economic and trade relations.