China Press Conference: Substantive progress has been made in the high-level economic and trade talks between China and the United States, and important consensus has been reached

PANews reported on May 12 that according to Cailianshe, from May 10 to 11, China and the United States held high-level economic and trade talks in Geneva, Switzerland. The Chinese delegation stated at a press conference that the two sides had in-depth exchanges on economic and trade issues of concern to each other. The atmosphere of the talks was frank, in-depth and constructive, substantial progress was made and important consensus was reached. The two sides agreed to establish a China-US economic and trade consultation mechanism, clarify the leaders of both sides, and conduct further consultations on economic and trade issues of their respective concerns. China and the United States will finalize the relevant details as soon as possible and will issue a joint statement reached at the talks on May 12.