The results of China-US economic and trade consultations are open in the field of medical high technology

Following the "frank, efficient, and constructive" consultations in Beijing at the beginning of the month, from May 15 to 19, the Chinese and American economic and trade delegations gathered in Washington to conduct "positive, pragmatic, constructive and fruitful" consultations. In just two and a half months, the Sino-US dialogue has gradually entered a good situation.

On the 19th, local time, China and the United States issued a joint statement on bilateral economic and trade consultations in Washington. Many experts who have long been concerned about Sino-US relations believe that from confrontation to dialogue, to the signing of the joint statement, a series of institutional arrangements have been reached, and China-US economic and trade cooperation has taken important steps. This consultation will become a new type of power for China and the United States. The historic events in the relationship have significant and far-reaching significance.

In the opposite direction, consultations are “positive, pragmatic, constructive and fruitful”

From the 3rd to the 4th of this month, the Sino-US economic and trade delegation held a round of consultations in Beijing. At the invitation of the US government, this time, the Chinese side sent a high-level delegation led by Special Envoy of President Xi Jinping, member of the Political Bureau of the CPC Central Committee, Vice Premier of the State Council, and Liu He, the Chinese leader of the China-US Comprehensive Economic Dialogue.

In an interview with the media, Liu He said that the biggest achievement of the Sino-US economic and trade consultation was that the two sides reached a consensus, did not fight trade wars, and stopped adding tariffs to each other. "This is a positive, pragmatic, constructive and fruitful visit. The two sides have reached many consensuses on developing an active and healthy Sino-US economic and trade relationship."

US Treasury Secretary Mnutin also told reporters that the United States and China have reached an agreement on the framework issue and agreed to stop the trade war.

Zhang Yuyan, director of the Institute of World Economics and Politics of the Chinese Academy of Social Sciences, told the Xinhua News Agency that from the "candid, efficient and constructive" consultations in Beijing to the "positive, pragmatic, constructive and fruitful" consultations in Washington, it is obvious that The joint efforts of the two countries have already played a "chemical reaction" and successfully avoided double losses.

"China and the United States can sit down and talk again in the short term, indicating that both countries have considerable sincerity and expectation for in-depth communication," said Li Yong, co-chairman of the China-US-Europe Strategic Economic Research Center of the International Trade Association. How can it be cheaper and more profitable than simply fighting against it. It should be said that Sino-US economic and trade consultations are getting better."

It is worth noting that the Chinese delegation’s visit to the United States not only has a dialogue with the US negotiators, but also has extensive contacts with important people in Sino-US relations, including non-direct participation in consultations with former US Secretary of State Henry Kissinger. US President Trump met Liu He at the Oval Office of the White House on the 17th.

“The significance of these activities outside the direct negotiations is intriguing,” Li Yong said. “It reflects the great importance that China and the United States attach to this consultation.”

Experts believe that the signing of the joint statement by China and the United States and the achievement of important consensus are the results of the two sides' concerted efforts and joint efforts. It is also hard to come by. This also shows that China and the United States are fully capable of bridging differences through dialogue and consultation rather than confrontation.

The two benefits, the expansion of China and the United States is the right way

The biggest point of this round of Sino-US economic and trade consultation is that the two sides signed a joint statement.

China and the United States will strengthen trade cooperation in the fields of energy, agricultural products, medical care , high-tech products, and finance, and will continue to strengthen mutual investment and deepen cooperation in the field of intellectual property protection.

"It should be noted that China's expansion of clean energy from agricultural products such as agricultural products and natural gas is in China's own interests." Wang Yong, a professor at Peking University's School of International Relations, said that in the case of natural gas, some parts of China suffered from gas shortage last winter. The factor is that China's own production capacity is difficult to meet the needs of the people.

He believes that during the transition period between new and old kinetic energy, China's expansion of imports of energy and agricultural products from the United States will better meet the people's growing needs for better life, promote the transformation of China's economy to high-quality development, and help the US to reduce trade deficits. The natural economic and trade partnership between the United States and the United States.

According to the joint statement, the two sides agreed that China and the United States will take effective measures to substantially reduce the US trade deficit with China.

Song Guoyou, deputy director of the American Studies Center of Fudan University, believes that it is very important to resolve the US-China trade deficit and strengthen communication. The United States should look at the background of the trade imbalance between China and the United States in a more comprehensive and historical way and the joint efforts of both sides to narrow trade imbalances. While China is expanding its imports, the United States should also relax export controls more confidently, creating more favorable conditions for direct investment and market access.

Communicate mutual trust and build a key for a new big country economic and trade relationship

The Chinese delegation’s visit to the United States has undoubtedly taken a historic step in resolving Sino-US economic and trade frictions. However, we must also see that the freezing of the three feet is not a cold day, and it will take time to resolve the structural problems of the economic and trade relations between the two countries over the years.

The "Business Roundtable", composed of more than 200 CEOs of large US companies, is encouraged by the sincere negotiations between the US and Chinese governments. It is hoped that the two countries will continue the momentum of good consultations and promote more consensus on mutual benefit and win-win.

"The healthy development of China-US economic and trade relations is in line with the historical trend. No one can stop it. In the face of the new twists and turns that may be encountered in the future development of bilateral relations, we must treat it calmly, adhere to dialogue, and properly handle it." Liu He The media said so.

"In this joint statement, the two sides agreed to continue to maintain high-level communication on this issue and actively seek to resolve their respective economic and trade issues, further releasing the good signal of Sino-US economic and trade relations." Song Guoyou said, "Maintain from a higher level of government work. Benign Sino-US relations and strengthening the overall dialogue and consultation have important practical significance for promoting the healthy development of China-US economic and trade relations."

Cooperation and mutual benefit will allow all parties to look forward to deepening economic and trade cooperation between China and the United States and building a new type of relationship between the great powers.

Fu Qiang, chairman of the US-China Trade National Committee, believes that although one or two consultations cannot solve all the problems, combining short-term successful consultations with establishing credible procedures for resolving structural problems between the two countries will allow the outside world to Benign development increases confidence and trust.

"Globalization is at the crossroads of where to go. China and the United States, as important countries, have the obligation to maintain the structure of international economic governance." Zhong Wei, director of the Financial Research Center of Beijing Normal University, said that China and the United States will further deepen mutual benefit by strengthening dialogue and communication. Economic and trade cooperation will surely bring more opportunities to the two countries and the world. (Source: Xinhua News Agency)


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