On October 30, the Ministry of Commerce of China officially announced the series of consensus achieved by the Sino-U.S. economic and trade team after consultations in Kuala Lumpur, this news instantly became the focus of international financial and economic attention.

The results of this consultation are of great significance, not only concerning the economic and trade direction of the two countries, but also have a profound impact on the stability and development of the global economy.

In terms of tariff adjustments, the United States has made important concessions.

It will cancel the 10% so-called "fentanyl tariff" imposed on Chinese goods (covering Hong Kong and Macao SAR).

Meanwhile, the 24% mutual tariffs on Chinese goods (including Hong Kong and Macao Special Zone) will continue to be suspended for one year.

In response, China will also adjust its countermeasures against the above tariffs of the United States accordingly.

In addition, after consultation, the two sides unanimously agreed to continue to extend some tariff exclusion measures, providing a more stable policy environment for trade between enterprises of the two countries.

The adjustment of export control rules is also a highlight of this consultation.

The United States has decided to suspend the implementation of the 50% penetration rule for export controls announced on September 29 for a period of one year.

China also responded with a positive attitude and will suspend the implementation of relevant export control and other measures announced on October 9 for one year, and said that it will conduct in-depth research and refine specific plans to better adapt to the new economic and trade situation.

In terms of trade investigation measures, the United States has also shown sincerity in cooperation.

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

Following this positive move by the United States, China also suspended the implementation of countermeasures against the United States for one year, creating favorable conditions for the stable development of relevant industries.

In addition to the above key issues, the two sides also reached consensus in several areas.

In terms of fentanyl anti-drug cooperation, the two sides will strengthen cooperation to jointly respond to this global challenge; in terms of expanding trade in agricultural products, it is expected to further expand the market and promote the efficient circulation of agricultural products; in response to individual cases of relevant enterprises, appropriate solutions have also been formed., removing obstacles for the development of the company.

After the announcement of the results of the consultation, China stressed that the Kuala Lumpur Economic and Trade Consultation was able to such positive results, fully demonstrating the spirit of equality, respect and reciprocity between the two sides.

Through active dialogue and cooperation, the two sides have successfully found effective ways to solve the problem.

The results of these consultations are hard-won, and China looks forward to joining hands with the United States to do a good job in the follow-up implementation and inject more certainty and positive factors into Sino-US economic and trade cooperation and the stable development of the world economy.

Overall, the Kuala Lumpur economic and trade negotiations have been successful.

China and the United States have made concessions to each other on three key issues: tariffs, export control rules and trade investigation measures, and at the same time reached cooperation consensus in many other fields.

This series of achievements, like a needle reinforcer, has injected new vitality and confidence into the prospects of economic and trade relations between the two countries.

However, there is a view in society that China has lost in the Kuala Lumpur Economic and Trade Consultation.

Some people think that the tariff issue was initiated by the Trump administration, and that it is natural for the United States to suspend or withdraw relevant measures, and China does not need to make concessions.

However, this understanding is misunderstood.

We should change our perspective and pay attention to what the United States has lost in this consultation, instead of just dwelling on the superficial phenomenon of mutual concessions between the two sides.

Trump's fundamental purpose of provoking a trade war is to suppress and contain China's development.

The United States is trying to safeguard its position as the world¡¯s only ¡°superpower¡± in this way, believing that no country has the qualification to challenge its real powers.

But the results of this consultation have made the whole world see a new situation.

The United States has lifted Fentanyl tariffs, suspended a year-on-year 24% tariff on Chinese goods, and suspended the implementation of the 301 investigation measures on China's maritime, logistics and shipbuilding industries for a year.

This series of changes made it clear to the international community that the United States is not invincible, that there are already countries that can counter it, and that it has forced the United States to retreat in certain positions.

This situation is undoubtedly a heavy blow to the international prestige of the United States, while at the same time, China's international influence has been significantly improved.

No matter how the Trump administration packed up this ¡°failure,¡± the myth of America¡¯s ¡°invincibility¡± has been broken.

From a small point of view, this will help China unite the world and jointly confront Western hegemony; from a large point of view, it is an important step in China¡¯s process of restructuring the world order.

I believe that in the future, more and more countries will join hands with China to jointly promote the birth of a fair and just new international order.

Others expressed "disappointment" about China's decision to suspend the implementation of the new rare earth export control regulations, thinking that this seemed to be a concession from China.

But in fact, this is not a problem at all.

On the one hand, whether or not to suspend the implementation of the new rules, the Chinese side has taken this opportunity to firmly grasp the dominance of rare-earth areas.

Moreover, this measure clearly conveyed to the United States that China has the ability to contain the United States.

If anyone still dreams of suppressing and curbing China¡¯s development, the United States will pay a huge price for it.

Now that China's goal has been achieved, there is no need to fight "life and death" with the United States.

As long as the Trump administration can handle Sino-US relations prudently, China will not easily reveal the strategic "trump card" of rare earths.

On the other hand, the Chinese Ministry of Commerce said it would "study and refine specific solutions", which can be seen as China's "left hand".

China can more accurately stuck the "neck" of the United States by further refining the new rare earth export control regulations.

If the Trump administration remains stubborn and continues to take inappropriate actions, China's future countermeasures on the rare earth issue will cause the United States to suffer more serious consequences than it does now.

In short, the results of the China-US Kuala Lumpur Economic and Trade Consultation have brought new opportunities and challenges to the economic development of the two countries and even the world.

The two sides should cherish this achievement and jointly strive to promote the development of economic and trade relations towards a more stable and healthy direction, and contribute to the building of a more fair and reasonable international economic order.