The US will suspend the implementation of its 301 investigation measures against China's maritime, logistics and shipbuilding industries for one year.

The United States will suspend the implementation of the 301 investigation measures against China for a year (Photo: China-US flag, from the network)

The US side will suspend the implementation of its 301 investigation measures against China's maritime, logistics and shipbuilding industries for one year.

Extended reading

On October 29, a spokesman for the Ministry of Foreign Affairs announced that after the agreement of the two sides, President Xi Jinping will meet with President Trump in Busan, South Korea, on October 30 local time, to exchange views on China-US relations and issues of common concern between the two sides.

Foreign media generally believes that the first meeting between the US and China is the most prominent part of the U.S. president's trip to Asia and will provide an opportunity for China and the United States to rebuild bilateral relations.

In addition to meeting U.S. President Donald Trump in Busan, President Xi Jinping will also travel to South Korea from October 30 to November 1 to attend the 32nd informal meeting of leaders of the APEC and make a state visit to South Korea. The Peruvian Republican newspaper, citing China¡¯s ambassador to China, Juan Carlos Caponey, said on 28th that the Asia-Pacific region is not only an important engine of global economic growth, but also a key force that influences the development of the world, and the significance of Asia-Pacific cooperation is increasingly highlighted.

Public opinion in South Korea generally believes that the visit of the President of China will be an important opportunity for South Korea-China relations to move into a new stage and a "journey of repair and restart" between the two countries after years of tension.

"New Guidelines" and "New Motivation"

At the routine press conference of the Ministry of Foreign Affairs on the 29th, spokesman Guo Qianquan introduced the relevant situation and said that the Chief Diplomat played an irreplaceable strategic leadership role in China-U.S. relations.This meeting, the two heads of state on strategic and long-term issues related to China-U.S. relations, as well as major issues of common interest in deep communication.We are willing to work with the U.S. side to promote the positive results of this meeting, to give new guidance and inject new momentum to the stable development of China-U.S. relations. "

Information map of the regular press conference hosted by Foreign Ministry Spokesperson Guo Jiakun

Foreign media generally focus on the meeting between the heads of state of China and the United States on economy and trade, believing that the two sides will talk about tariffs, rare earths, soybeans, etc. Spain's newspaper El Pais said that the meeting was held after intensive consultations between the economic and trade teams of the two countries last weekend. The consultations paved the way for the leaders 'meeting and also indicated that the atmosphere between the two sides became optimistic after the recent resumption of trade wars.

According to media reports such as the US Consumer News and Business Channel, US President Trump said at the APEC Business Leaders Summit held in Gyeongju, South Korea on the 29th that he believed that the United States "will reach an agreement with China" and that this will be "an agreement that is beneficial to both sides." He said it would be a much better result than "fighting" and experiencing "all kinds of problems." "The whole world is watching, and I think we will bring something that will excite everyone."

According to Bloomberg and AFP, on the 29th, when asked about tariffs on China, Trump told reporters on the "Air Force One" special plane flying to South Korea: "I expect to lower tariffs because I believe they will help us solve the fentanyl problem." "China will cooperate with U.S. law enforcement on the fentanyl issue," he said. In addition, Trump also said he expected to resolve "a lot of issues" in his upcoming meeting with the president of China."I think we will have a great meeting with President Xi."

At the regular press conference of the Ministry of Foreign Affairs on the 29th, spokesman Guo Jiakun answered questions about fentanyl, saying that China is the country with the most resolute drug control, the most thorough policy and the best record, and it is also one of the countries with the largest number of listed substances and the strictest control in the world. China sympathizes with the fentanyl crisis suffered by the American people, has provided assistance and achieved positive results, and is open to continuing cooperation with the United States. Guo Jiakun called on the United States to take practical actions to create necessary conditions for bilateral cooperation.

AFP said that the eyes of the world and the global market will focus on the 30th meeting, which will be the first time in six years that Trump has sat down and held talks with China leaders. Lu Xiang, a researcher at the Institute of American Studies at China Academy of Social Sciences, told a Global Times reporter on the 29th that the highest-level meeting was held at a critical period when Sino-US relations faced challenges and decisions. The meeting between the heads of state of China and the United States will point out the direction for the future of Sino-US relations from a long-term strategic perspective, and is also a concrete manifestation of the irreplaceable strategic leading role of head of state diplomacy in Sino-US relations.

China and U.S. flag information map

"The meeting between the heads of state of China and the United States will attract global attention." Argentina's "Page Twelve" reported on the 29th that repeated fluctuations in the trade war have impacted the global economy for a long time, and the international market is expecting the dispute to be resolved. Diplomats expect that China and the United States may extend the "moratorium on the imposition of new tariffs" period and advance joint action on the fentanyl issue. Argentina's "Global Stage" website analyzed that a potential trade agreement between China and the United States may redefine the most complex bilateral relationship in the international system and have a direct impact on the global economy, key mineral trade and the strategic balance of the Indo-Pacific region.

China can talk, but not be frightened

While the trade war has challenged China's growth and innovation momentum, it has also given it an opportunity to showcase its economic strength. Last weekend, senior negotiators of the two sides held talks in Malaysia, and the two countries appeared to have eased from recent tensions. It is not clear what concessions the two sides agreed to make to this goal, and the talks were just an iconic event in the complex and varied competition between the two superpowers. But this is also Beijing's participation in talks in the context of establishing the new reality of China-US relations: China can talk, but will not be frightened.

¡°Destroying the old pattern, Trump¡¯s ¡®other furnace¡¯ to rebuild U.S.-China relations.¡±The U.S. Wall Street Journal said on 29th that Trump abandoned dozens of U.S. counter-China contacts during his first term as president.

The U.S.-Chinese negotiating representatives ended two days of tense negotiations in Kuala Lumpur on Sunday and announced a framework agreement.The agreement itself appears to be a transactional ¡°armistice agreement¡±, but its meaning is far more than a temporary ¡°armistice¡±.It is the primary component of the newly built high-level dialogue framework aimed at fixing top-level diplomatic activities in the coming year.In addition to high-level diplomacy, the ¡°armistice agreement¡± also laid the foundation for tactical stability in U.S.-China relations in the coming year.

It was before the consultation on October 25, the CPC Central Committee Political Bureau member, State Council deputy prime minister Ho Li Feng and U.S. Treasury Secretary Besson photographed.

However, the Wall Street Journal also said that although the current situation has eased, the foundation is still unstable.

Lu Xiang told the Global Times reporter that since the beginning of this year, the leaders of the two countries have had three phone calls and reached important consensus. On the basis of implementing the important consensus reached by the two heads of state, this meeting is expected to provide Sino-US relations at the top-level design level. Determine a feasible path of mutual achievement and provide key support for global stable development on a larger scale. The long-term exchanges between the leaders of the two countries and the close communication this year also show the great influence of Sino-US bilateral relations in today's world. Lu Xiang believes that in the past period of time, there have been certain ups and downs and shocks in economic and trade work between the two countries. Under the guidance of the diplomacy of the head of state, the bilateral consultation mechanism has always been smooth and effective, which has also laid the foundation for constructive dialogue between China and the United States.

Scholar Ma: China can inject wisdom and strength into the development of the Asia-Pacific Community

"China will promote open regional trade." Hong Kong Dim Sum Daily Online said on the 29th that China leaders visited South Korea and held meetings with other APEC leaders, aiming to gain more support for open and inclusive globalization and new economic growth drivers in the Asia-Pacific region. The visit comes as the International Monetary Fund predicts that economic growth in the Asia-Pacific region will slow from 4.5% this year to 4.1% in 2026, prompting more urgent calls for deepening cooperation and cultivating new economic growth engines. China leaders are expected to reaffirm their vision of building an open Asia-Pacific economy and continuing to lead the world's economic development.

APEC will come to China in 2026. Peter Zhang, a researcher at the Malaysia-China Friendship Association and former deputy director of the Institute of China Studies at the University of Malaya, told the Global Times reporter that as the host of the 2026 APEC meeting, China can inject wisdom and strength into the development of the Asia-Pacific community. China's wisdom is reflected in advocating openness and partnership in the face of global uncertainty; while China's strength stems from its practical experience in the fields of innovation, green growth and connectivity. As a bridge builder and promoter of common prosperity, China has strategic advantages and can provide practical solutions and cooperation visions for building a more dynamic and sustainable Asia-Pacific region. Wong Jae-ho, president of the Korea Institute for Global Strategic Cooperation and professor at Korea Foreign Studies University, also said that after Gyeongju, China will also host APEC meetings, which is of great significance in designing the future development direction of economic governance in the Asia-Pacific region.

For the Chinese leader's visit to South Korea, South Korea's Kyoto News said that it will not only determine the future direction of the Korean-Chinese relationship, but will also test whether South Korea can "practical diplomacy centered on national interests."The newspaper stressed that South Korea needs to push bilateral relations back on track and looks forward to expanding economic and humanitarian cooperation through flexible contacts.

South Korea's "Asia Times" also pointed out that the meeting can be an opportunity to ease relations between the two countries and restart cooperation and exchanges, is concerned. the report quoted scholars as saying that the atmosphere of China-Korea relations markedly improved after Li assumed the government, and the two sides hope to resume the cooperation mechanism with this meeting.