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China-US Consensus Does Not Fight Trade War
May 22, 2018

The Special Envoy of the President Xi Jinping, the Politburo member, the Vice premier, and the Chinese leader in the China-US comprehensive Economic Dialogue, Liu He, received a media interview on the morning of 19th local time.


He said the most fruitful outcome of the Sino-US economic and trade negotiations is a consensus between the two sides, not a trade war, and stop the imposition of tariffs on each other. Liu He said that this is a positive, pragmatic, constructive and fruitful visit, the two sides on the development of positive and healthy Sino-US economic and trade relations reached a lot of consensus.


The most important reason for the positive outcome of this consultation is the important consensus reached between the two heads of State, which is the root cause of the needs of both peoples and the world. Liu He said the two sides will strengthen trade cooperation in the fields of energy, agricultural products, medical care, High-tech products and finance. This can not only promote China's economy to high-quality development, meet the needs of the people, but also conducive to the United States to reduce the trade deficit, is a winning choice. At the same time, the two sides will continue to strengthen mutual investment and deepen cooperation in the field of intellectual property protection.


This is not only beneficial to both China and the United States, but also conducive to global economic and trade stability and prosperity. He stressed that China has a large middle-income group and will become the world's largest market. The market is highly competitive and if it wants to gain a share in the Chinese market, exporters must improve the competitiveness of their products and services so that Chinese people are willing to buy them. China is not only willing to buy from the United States, it will also buy from the world.


China will host the first international Import exposition and welcome the participation of all countries in the world. Liu He said that in the 2018 Boao Forum for Asia, President Xi Jinping put forward four areas of expanded openness, and we will follow the request of President Xi to expedite implementation.


It is the experience and revelation of China's reform and opening-up in the past 40 years to promote reform and development with openness, and will continue to carry on in the future. Liu He said that the two sides reached a consensus has its inevitability, but also to recognize that Rome overnight, to solve the economic and trade relations between the two countries for many years of structural problems need time.


The healthy development of Sino-US economic and trade relations is in line with the historical trend, no one can stand in the face of the future development of bilateral relations may encounter new twists and turns in the new contradictions, we should calmly view, adhere to dialogue and properly deal with.


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