China and US Reaffirm Commitment to Cooperative Economic Relations

Chinese Vice Premier He Lifeng emphasizes that U.S.-China trade should be stable and mutually beneficial, with disputes resolved through ongoing leader-guided dialogue.

Summary

Chinese Vice Premier He Lifeng reiterated that economic relations between China and the United States must be mutually beneficial, urging dispute resolution through dialogue. Both nations agreed to maintain close communication under the guidance of their leaders to develop healthy, stable, and sustainable trade ties.

Terms & Concepts
  • Economic Relations: Interactions between countries involving trade, investment, and financial agreements aimed at mutual benefit and growth.
  • Bilateral Dialogue: Direct communication between two nations to address issues, resolve conflicts, and strengthen cooperation.
  • Sustainable Development: Economic growth that meets present needs without compromising the ability of future generations to meet theirs.