What does the preliminary consensus reached in Sino-US economic and trade negotiations mean? The U.S. Treasury Secretary emphasized that "the United States will not change its export control measures against China." What kind of signal does it send?

From October 25th to 26th, He Lifeng, the Chinese leader of Sino-US economic and trade and Vice Premier of the State Council, and Bescent, the US leader and US Treasury Secretary, held a Sino-US economic and trade consultation in Kuala Lumpur, Malaysia. This was also the fifth face-to-face consultation between the Sino-US economic and trade team since May this year. During this meeting, China and the United States discussed many issues, mainly focusing on the 301 measures of the United States against China's maritime logistics and shipbuilding industry, extending the suspension period of reciprocal tariffs, fentanyl tariffs, export controls, etc. Judging from the contents of the current briefings by the two sides after the negotiations, the results of this talks are still there, and both sides have found a general framework for resolving issues of their respective concerns.In other words, Sino-US negotiations reached a preliminary consensus. This is a very beneficial development direction for both parties. Whether the final written results can be achieved in the future depends on further observation of their respective internal approval procedures in the next step. Overall, this is very good news.

So here's the question, The Sino-American trade war lasted so long that the two sides could eventually reach some consensus, which illustrates what?A simple analysis shows at least the following points: The first,This shows that both China and the United States are trying to resolve their disputes and frictions in the trade field through diplomatic channels, rather than simply putting pressure on each other to make concessions and compromise.

Second, China and the United States can reach a preliminary consensus,This will help to ease bilateral trade tensions and provide more stable expectations for companies in both countries, while the stability of China-U.S. trade will also contribute to the stability of the international trade order, support the stability of global industrial chains and supply chains, and contribute to the global economic recovery.

Third, this reflects the characteristics of the interdependent China-US economy.After this dialogue, it is not excluded that China will continue to purchase U.S. soybeans, at the same time the United States also hopes that China will lift new rules on rare earth export controls, which shows that the two sides in the field of trade are not separate from who, cooperation will inevitably become an important choice for both sides.

Fourth, it shows that there is nothing in the hands of the Trump administration that can take out the "card" to confront our country in the field of trade.Otherwise, according to the style of conduct of the Trump administration's failure to its objectives, he will not proactively seek our negotiations, and also reach a preliminary consensus.In the end, it is the phrase, the essence of the Sino-U.S. economic and trade relations is mutually beneficial and win-win, the two sides are mutually beneficial and struggling, safeguarding the stable development of the Sino-U.S. economic and trade relations, in line with the fundamental interests of the two countries and the people of the two countries, and in line with the expectations of the international community.

Not long after the talks were held in Kuala Lumpur, U.S. Treasury Secretary Bessent changed his face again, and on the same day, he was interviewed by the media to announce to the world, ¡°The United States will not change its export controls against China.¡±In other words, the United States will continue to target our country on export controls.

There are at least three signals here: First of all, although China and the United States have reached a preliminary consensus on trade, the United States still intends to adhere to its policy of technological containment against China.For example, continue to curb China's scientific and technological development by restricting the export of high-tech products to China. Its purpose is naturally to maintain the United States 'leading position in the field of science and technology and prevent China from posing a challenge to the United States' hegemony; Second, Bessent emphasized the phrase at such a time node, not excluding the creation of codes for subsequent negotiations,To force China to make more concessions in other areas with this tough gesture, and then to maximize American interests. Finally, this may be related to the domestic political environment in the United States.After all, there is indeed a part of the political forces in the U.S. that do not care about the Sino-U.S. economic and trade cooperation, they fear that the U.S.ins close economic and trade cooperation with China will "harm" the U.S. own interests, especially in the context of the current frequent rendering of the so-called "China threat" in the Western world, this voice is also growing in the U.S. In this case, the words of Bessent are likely to meet that part of the political force, in order to show the position of the Trump administration to protect the U.S. indigenous industry.