The first meeting of the China-US economic and trade consultation mechanism was held. He Lifeng: The Chinese side is sincere in consultations but has principled bottom lines.

On June 11, the first meeting of the China-US Economic and Trade Consultation Mechanism was held in London, England. Vice Premier He Lifeng said that the meeting was an important consultation under the guidance of the strategic consensus between the two heads of state on June 5 this year. China’s attitude and position on China-US economic and trade issues are clear and consistent. The essence of China-US economic and trade relations is mutual benefit and win-win results. There is no winner in a trade war, and China is reluctant to fight, but it is not afraid to fight either. The two sides should resolve economic and trade differences through dialogue on an equal footing and mutually beneficial cooperation. In the next step, the two sides should further give full play to the role of the China-US economic and trade consultation mechanism in accordance with the important consensus and requirements reached by the two heads of state in the phone call, and continue to enhance consensus, reduce misunderstandings and strengthen cooperation.