Xinhua News Agency reporter Su Liang

  From May 10 to 11, China and the United States held high-level economic and trade talks in Geneva. The high-level economic and trade talks between China and the United States are frank, in-depth and constructive, and have reached important consensus and made substantial progress. The two sides agreed to establish a China-US economic and trade consultation mechanism.

  Recently, the United States has announced the imposition of tariffs on all trading partners, including China, under various excuses, which has artificially cut off the original mature global supply chain and industrial chain, and the market-oriented free trade rules have been broken. The economic development of various countries has been seriously disrupted, harming the welfare of people of all countries, including the United States, and harming economic globalization.

  At present, the negative impact of relevant US policies is gradually amplifying. As for the United States itself, the number of cargo ships entering the port has declined, retailers are worried about empty shelves, manufacturers are worried about supply cuts, and capital markets are fluctuating significantly. As for the world economy, the normal trade order has been disturbed, the rules-based multilateral trading system has been seriously damaged, and the global economic uncertainty has increased significantly... Some analysts pointed out that in the context of the highly internationalized global supply chain, the United States' abuse of tariffs may bring "disastrous consequences" to global trade.

  Because of this, the high-level economic and trade talks between China and the United States have attracted much attention from the international community.

  As the world's largest developing country and the world's largest developed country, the essence of China-US economic and trade relations is mutual benefit and win-win results. China-US economic and trade cooperation has created a large number of employment opportunities for the United States, created a large number of business opportunities and profits for enterprises in China and the United States, promoted the upgrading of the United States' industries, and brought tangible benefits to American consumers.

  China-US economic and trade relations are of great significance to both countries, and also have an important impact on global economic stability and development. The two countries have an economic output of more than one-third of the world, a total population account for nearly one-quarter of the world, and bilateral trade volume accounts for about one-fifth of the world, playing an important role in the global economic system. Strengthening cooperation between China and the United States is in line with the expectations of the whole world.

  What the world expects is that China and the United States respect each other's core interests and major concerns and find a proper solution to the problem through dialogue.

  After the high-level economic and trade talks between China and the United States, people from many sides expressed their appreciation for the important consensus and substantial progress between China and the United States, and look forward to the two sides making more progress through further contact. WTO Director-General Ivera said the talks were an important step forward and was pleased with the positive results.

  The Peterson Institute of International Economics previously analyzed that the consensus reached between China and the United States will "send a positive signal to repair market confidence." After the talks, the previous decline in the New York stock market in the United States turned around, and stock index futures fluctuated and rose. The average price index of 225 stocks in Asia, the leading Asian stock index, opened more than 100 points higher.

  China has repeatedly emphasized that the essence of China-US economic and trade relations is mutual benefit and win-win results, and differences and frictions will inevitably arise between China and China. The key is to follow the principles of mutual respect, peaceful coexistence, and win-win cooperation, and find a proper solution to the problem through equal dialogue and consultation, and jointly promote the stable, healthy and sustainable development of China-US economic and trade relations.

  The international community generally expects that China-US relations will stabilize and improve. Faced with the current major changes unseen in a century, China-US dialogue and cooperation can bring more positive signals to the two countries and the world, and can also provide impetus for solving global challenges such as climate change and food security. China and the United States have broad common interests and broad space for cooperation. They should adhere to "holding hands" rather than "let go", adhere to "demolition of walls" rather than "building walls", make a bigger cooperation cake, and inject more certainty and stability into the world economy.

[Editor in charge: Zhao Wenhan]