More pragmatism and rationality needed for China-us trade talks
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]altimes.com.cn