More prag­ma­tism and ra­tio­nal­ity needed for China-us trade talks

Global Times US Edition - - ASIANREVIE­W - Page Ed­i­tor: li­[email protected]­al­

The 12th round of China-us trade con­sul­ta­tions, which re­sumed after a break of more than two months, con­cluded on Wed­nes­day in Shang­hai. In ac­cor­dance with the im­por­tant con­sen­sus reached at the G20 sum­mit in Ja­pan in June be­tween the two heads of state, the two sides con­ducted frank, ef­fi­cient and con­struc­tive in­depth exchanges on ma­jor is­sues of com­mon con­cern in the field of econ­omy and trade. The two sides agreed to hold the next round of high-level eco­nomic and trade con­sul­ta­tions in Septem­ber in the US.

The 12th round of con­sul­ta­tions is the first face-to-face com­mu­ni­ca­tion be­tween ne­go­ti­a­tion teams of the two coun­tries since the two heads of state met in Ja­pan and de­cided to re­sume con­sul­ta­tions. The ne­go­ti­a­tions, which were stalled by the US tar­iff in­crease in May, are overcoming this es­trange­ment and get­ting back on track.

After the dead­lock in May, the two sides sat down again and de­cided to con­tinue the talks. This has un­doubt­edly con­vinced the world that start­ing from Shang­hai, de­spite the twists and turns of the fu­ture con­sul­ta­tions, as long as the two sides in­sist on re­solv­ing spe­cific is­sues on the ba­sis of equal­ity and mu­tual re­spect and are more prag­matic and ra­tio­nal, China-us eco­nomic and trade con­sul­ta­tions will con­tinue to move for­ward.

Start­ing from Shang­hai, we need to iden­tify more clearly the big chess game in which China and the US can work to­gether to achieve win-win re­sults. It was in this me­trop­o­lis that the Shang­hai Com­mu­nique was is­sued 47 years ago, mark­ing the end of 22 years of China’s isolation from the rest of the world and the be­gin­ning of the nor­mal­iza­tion of re­la­tions be­tween China and the US.

Since the es­tab­lish­ment of di­plo­matic re­la­tions be­tween China and the US, al­though the de­vel­op­ment of bi­lat­eral re­la­tions has gone through many ups and downs, it has been mov­ing for­ward all the time, ben­e­fit­ing peo­ple of the two coun­tries and the rest of the world.

All par­ties ex­pect that China and the US will carry for­ward the spirit of the Shang­hai Com­mu­nique, re­solve their dif­fer­ences through di­a­logue rather than con­fronta­tion, and seek a cor­rect way to get along through win-win co­op­er­a­tion.

Start­ing from Shang­hai, we should also rec­og­nize the twists and turns on the path to fu­ture con­sul­ta­tions. It will take a long time to thaw the ice of es­trange­ment. The pres­sure and noise from some on the US side has shown from time to time that it is bound to be a dif­fi­cult process. It will take more time, pa­tience and per­se­ver­ance to jour­ney down the road of fu­ture con­sul­ta­tions, and it will also test the po­lit­i­cal wis­dom of both sides.

China and the US should seize the op­por­tu­nity to im­ple­ment the im­por­tant con­sen­sus reached at the G20 meet­ing be­tween the two heads of state through con­crete ac­tions.

We should also ad­here to prin­ci­ples and the bot­tom line, and both sides should act to­ward each other on the ba­sis of equal­ity and mu­tual re­spect, and take good care of each other’s core con­cerns.

Dur­ing this round of con­sul­ta­tions, the two sides dis­cussed the fact that China has in­creased its pro­cure­ment of agri­cul­tural prod­ucts from the US in ac­cor­dance with do­mes­tic needs and that the US will cre­ate fa­vor­able con­di­tions for pro­cure­ment, which is a sig­nal of fur­ther good­will and sin­cer­ity.

More than a year of eco­nomic and trade fric­tion has proved that China is ca­pa­ble of deal­ing with var­i­ous risks and chal­lenges. China’s great­est con­tri­bu­tion to the world is to run its own af­fairs well. The ar­ti­cle is a com­men­tary from the Xin­hua News Agency. opin­[email protected]­al­

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