China-US economic and trade consultations were held in Kuala Lumpur on October 25-26, local time.China Ministry of Commerce International Trade Negotiations Representative and Deputy Minister Li Zheng Steel told Chinese and foreign media reporters after the consultation, the two sides formed a preliminary consensus on properly solving several important economic and trade issues that concern each other, and the next step will be the implementation of their respective domestic approval procedures.

"In the past month or so, there have been some shocks and fluctuations in Sino-US economic and trade relations, which are of great concern to the world." Li Chenggang said that since the China-US Economic and Trade Talks in Geneva in May this year, China has strictly followed the consensus reached by the heads of state of China and the United States on many phone calls, honestly and conscientiously implemented the consensus arrangements reached in economic and trade consultations, and carefully cared for the hard-won and relatively stable China-US economic and trade cooperative relationship. "These shocks and fluctuations are not something China wants to see."

In the past two days, the Sino-U.S. economic and trade team has conducted in-depth and honest discussions and exchanges on the 301 measures of the U.S.-China maritime logistics and shipbuilding industry, further extended the mutual tariff suspension period, Fintech tariff and anti-drug cooperation, further expanded trade, export control and other issues, and constructively explored some options for properly handling the interests of both sides, forming a preliminary consensus.

¡°The U.S. side expressed a strong position, and China¡¯s interests were firmly safeguarded,¡± Li said, ¡°In this consultation, the Sino-U.S. economic and trade team has always respected each other and had an equal dialogue.In the future, the two sides will further strengthen communication and exchange, and make positive efforts for the development of Sino-U.S. economic and trade relations.

Li also thanked the host Malaysian government for the warm welcome and careful arrangements.