[Global Times correspondent to Korea Xing Xiaojing, Wang Cong, Global Times reporter Wang Qi, Li Xundian, Yu Wen] On October 30, President * met with US President Trump in Busan. * pointed out that under our joint guidance, Sino-US relations have maintained overall stability. Being partners and friends between the two countries is a revelation of history and a realistic need. The two countries have different national conditions, so it is inevitable that there will be some differences. As the top two economies in the world, there will sometimes be frictions, which is normal. In the face of storms and challenges, the two heads of state, as the helm, should grasp the direction and control the overall situation, so that the big ship of Sino-US relations can move forward smoothly. I am willing to continue to work with President Trump to lay a solid foundation for Sino-US relations and create a good environment for the respective development of the two countries. Trump spoke highly of the meeting, calling it "a great success" and saying that the US would reduce tariffs on China. On the afternoon of 30th, the spokesman of China's Ministry of Commerce announced the consensus reached in recent consultations between China and the United States, including that the United States will cancel the 10% so-called "fentanyl tariff" imposed on Chinese goods, and the United States will suspend the implementation of its 301 investigation measures against China's maritime, logistics and shipbuilding industries for one year. China will also suspend the implementation of counter-measures against the United States for one year accordingly. The British "Times" commented that the first meeting between China and the United States avoided a destructive trade war, eased worries and stabilized expectations for governments and enterprises around the world.

"Both sides should settle big accounts and look more at the long-term benefits brought by cooperation, rather than falling into a vicious cycle of mutual retaliation."

On the morning of October 30, President Xi Jinping arrived in South Korea on a special plane, at the invitation of President of the Republic of Korea Li Keqiang, to attend the 32nd informal meeting of the leaders of the APEC and to make a state visit to South Korea.

The meeting between the heads of state of China and the United States in Busan lasted about 1 hour and 40 minutes. * emphasized that China's economic development momentum is good. In the first three quarters of this year, the growth rate reached 5.2%, and the import and export of goods to the world increased by 4%. This was achieved by overcoming internal and external difficulties and was hard-won. China's economy is a sea with relatively large scale, resilience and potential. We are confident and capable of coping with various risks and challenges. The Fourth Plenary Session of the 20th Central Committee of the Communist Party of China reviewed and approved the national economic and social development planning proposals for the next five years. For more than 70 years, we have persisted in drawing a blueprint to the end, one after another. We have never wanted to challenge or replace anyone. Instead, we have concentrated on doing our own thing well, being a better version of ourselves, and sharing development opportunities with other countries in the world. This is an important password for China's success.

* pointed out that the economic and trade teams of the two countries had an in-depth exchange of views on important economic and trade issues and formed a consensus on solving the problems. The teams of both sides should refine and finalize the follow-up work as soon as possible, maintain and implement the consensus, and give China, the United States and the world economy a "reassurance" with tangible results. Sino-US economic and trade relations have experienced twists and turns recently, which has also brought some inspiration to both sides. Economy and trade should continue to be the ballast stone and propeller of Sino-US relations, rather than stumbling blocks and conflict points. The two sides should settle big accounts and pay more attention to the long-term benefits brought by cooperation, instead of falling into a vicious circle of mutual retaliation. The teams of both sides can continue to talk on the principles of equality, respect and reciprocity, constantly compress the list of issues and lengthen the list of cooperation.

Xi Jinping stressed that dialogue is better than confrontation.China and the United States at all levels should maintain communication and enhance understanding.The two countries have good prospects for cooperation in the fields of combating illegal immigration and telecommunications fraud, anti-money laundering, artificial intelligence, combating infectious diseases, the counterparty should strengthen dialogue and exchange, and carry out mutually beneficial cooperation.China and the United States should also interact positively on the regional and international stage.Today, there are many problems in the world, China and the United States can jointly show the responsibility of the great powers, and do a lot of good things that benefit the two countries and the world.

Trump said it was an honor to meet *. China is a great country, President Xi is a respected and great leader, and a good friend of mine for many years. We get along very well. The relationship between the United States and China has always been very good and will be even better in the future. I hope the future of both China and the United States will be even better. China is the largest partner of the United States. Together, the two countries can accomplish many great things in the world, and US-China cooperation will achieve greater achievements in the future.

The two heads of state agreed to strengthen bilateral cooperation in the fields of economy, trade, energy and other fields and promote people-to-people exchanges. The two heads of state agreed to maintain regular exchanges. Trump looks forward to visiting China early next year and invites President Xi Jinping to visit the United States.

After the meeting, Trump sent * to the bus. On the plane back to the United States, when asked by reporters how much to rate the meeting, Trump said, "If you measure it on a scale of 0 to 10, 10 is the highest, and I would say that this meeting is 12".

The British Broadcasting Corporation (BBC) said that the outcome of the first meeting between China and the United States is of great significance to many countries in the world. The report quoted British scholars as saying that the progress made by China and the United States marks "an undeniably positive step towards temporarily stabilizing structural tensions" between the two countries. "Today's breakthrough lays the foundation for deeper and more predictable interaction in 2026." laid the foundation ".

The expected easing has relieved investors and trapped between the two countries. Reuters interviewed several capital marketers, who said the global geopolitical situation is expected to become more stable, which is a positive signal.

Weng Shijie, president of Malaysia's Asia-Pacific "the belt and road initiative" Co-Policy Association, told the Global Times reporter on the 30th that this meeting between the heads of state of China and the United States is of great significance to the economic and trade development and peaceful governance of the Asia-Pacific region and the whole world. Against the background of tense economic and trade relations between the two sides, the meeting between the leaders of the two countries can dispel many misjudgments and doubts, and inject a long-awaited stabilizer into the current unstable international situation.

Probably signed next week.

On October 25-26, the Sino-U.S. economic and trade team held a two-day consultation in Malaysia's capital Kuala Lumpur to reach a basic consensus on solving their respective current major concerns, as well as provide the necessary conditions for the first Sino-USD meeting on the 30th.

After the end of the first meeting, the spokesman of the Chinese Ministry of Commerce said that the consensus reached by the Sino-U.S. Economic and Trade Team in Kuala Lumpur was mainly on the following aspects: (1) The United States will cancel the 10% Fentanyl tariff imposed on Chinese goods (including the Hong Kong Special Administrative Region and the Macao Special Administrative Region) and the 24% tariff imposed on Chinese goods (including the Hong Kong Special Administrative Region and the Macao Special Administrative Region) will continue to be suspended for a year. (2) The United States will suspend the implementation of the 50% transparency rule on export control announced on September 29 for a year. China will suspend the implementation of the relevant export control measures announced on October 9 for a year, and will study the specifics.

The spokesman said that the two sides also reached a consensus on Fintech anti-drug cooperation, expanding agricultural product trade, and dealing with individual cases of related enterprises.The two sides further confirmed the achievements of the Madrid economic and trade consultation, and the United States made a positive commitment in investment and other fields, and China will properly solve TikTok-related issues with the United States.

U.S. Treasury Secretary Bescent said in an interview with U.S. media on the 30th that the Kuala Lumpur Agreement was "completed in the middle of the night last night" and that the United States and China may sign it as early as next week.

"Given the current situation, this may be the best outcome that both sides can achieve." Al Jazeera quoted scholars 'analysis as saying that this means that US-China relations will not deteriorate in the short term.

¡°Positioning War¡± and ¡°Machine War¡±

U.S. cable television news network on the 30th that on the surface, the prospect of the agreement is good, and may restore part of the trade between China and the United States blocked by tariffs, making U.S. tariffs on Chinese imported goods closer to the global level.

International public opinion generally believes that in this trade war initiated by the United States and countered by China, national interests prompted the two sides to "truce." The BBC quoted Stephanie Kam, an analyst at Nanyang Technological University in Singapore, as saying,"Today's meeting reminds us that even in the competition of major powers, pragmatism based on national interests can pave the way for meaningful engagement."

The British newspaper The Guardian published a commentary on the 30th, arguing that most of the measures of the Sino-US trade agreement are equivalent to "restoring the original state". In the past six months, both sides have learned about each other's chips and weaknesses, including which means are most effective. The U.S. tariffs on Chinese goods averaged 55% for much of the crisis, enough to pose a severe stress test on the resilience of the Chinese economy, which has withstood. "For the United States, it is disturbing that after the United States imposes tariffs, China can find new markets for its goods. Those who predict that China will fall into crisis should be shocked by the rise of China's stock market, and China's trade surplus may be larger than last year. At the same time, affected by tariffs, the inflation rate in the United States climbed to 3%, which is a politically risky level."

According to the article, the results of the meeting show that both China and the United States have withdrawn some of their most powerful bargaining chips, but this looks more like a temporary "truce" than a lasting peace that draws a stable line for Sino-US relations. "Nonetheless, the contours of a broader long-term diplomatic relationship have emerged, with leaders expected to exchange visits within a year." The commentary said that the "truce" agreement is only one year long, perhaps in China's favor. It buys China time and can push China to make greater progress in future technology fields. Just as importantly, China wants to be seen by others as a responsible, restrained global power that does not seek confrontation but is strong enough to withstand U.S. coercion. The conflict also shows cultural differences between the two sides. China is an advocate of positional warfare, while the United States is an advocate of mobile warfare. "At present, the positional warfare side has the upper hand, or at least has not lost."