China-America Economic Dialogue: An important step toward stability in relationships

Beijing, June 13 (IANS). The first meeting of the Economic and Trade Counseling Mantri between China and the US, held in the British capital London from June 9 to 10, attracted the attention of international media. The meeting was held on June 5 under the guidance of the strategic consensus received by the leaders of China and the US and is considered extremely important. During this meeting, two days lasted, China and the United States had a clear and intensive conversation. The structure of measures to implement the consensus created by the two heads of state and to strengthen the effects of Geneva economic and business dialogue has led to a theoretical consent, which has had new progress in solving economic and merchandise. Both sides emphasized that they would work with each other and implement the consensus. Professor Lee Hydong, China Foreign Affairs University, is of the opinion that it reflects the desire of the two parties to stabilize the relationship. It can manage differences, promote healthy growth of economic and trade relations and administer positive energy in the global economy to meet international expectations. China follows honesty and principles in economic and business exchange. China has always emphasized that there is a space for widespread shared interest and cooperation between China and America. After China-American Geneva Economic and Trade dialogue in May, China honestly enforced the agreement and canceled or suspended the relevant tariff and non-tariff measures. On June 5, Chinese and American heads of state heads spoke over the phone to give direction to the relationship and afterwards economic and business consultation was a powerful implementation work in London, reflecting China’s honesty and responsible attitude. However, after a Geneva dialogue, the US has put in place several discriminatory limiting measures against China, such as control of AI chips and EDA software sales, which severely damaged China’s rights and interests. China clearly asked the US to withdraw these negative measures. Finally, the consensus in London Consultation has been achieved by hard work this time and it must be maintained jointly by both sides. China knows well that there is no winner in the business world. He is not ready to fight, but he is not afraid of it. Currently, China’s economy is on track and is getting better, the capacity of different industries is constantly increasing and new productivity such as artificial intelligence has given new pace. International financial institutions have increased their expectations for China’s economic growth. In the first five months of this year, the total import and export prices of China’s goods trade rose 2.5% year-on-year, showing the flexibility of the economy. China not only promotes its development, but also to maintain the international trading system, China-America promotes economic and business counseling. At a time when the World Bank has reduced its global economic development forecast, China hopes the US will work with China and the role of the counseling system, which is responsible for China, America and the people of the world, will play fully. (Sincer- China Media Group, Beijing) -ians ABM/