Madrid, September 16 (QNA) – Chinese Vice Premier He Lifeng stressed that China’s resolve to safeguard its legitimate rights and interests is unwavering, adding that Beijing will resolutely safeguard its national interests and the legitimate rights and interests of Chinese-funded enterprises abroad.
During his meeting in Madrid with US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer, Lifeng explained that China and the US will benefit from cooperation and lose from confrontation.
During the talks, the two sides held in-depth and constructive discussions on economic and trade issues of common concern, according to the Chinese vice premier. The two sides reached a basic framework consensus on resolving TikTok-related issues through cooperation, reducing investment barriers, and enhancing relevant economic and trade cooperation.
He stressed that the two will consult on relevant outcome documents and complete their respective domestic approval procedures.
The US side called on China to work alongside one another and lift relevant restrictions as soon as possible. It also called for concrete actions to preserve the hard-won achievements of the talks and continue to create a favorable environment for the stability of China-US economic and trade relations.
The US added that during the talks, both sides acknowledged that stable economic and trade relations between China and the US are of great importance to both countries and have a significant impact on global economic stability and development.
The two sides will continue to implement the important consensus reached by the heads of state in their phone conversations, as well as the outcomes of previous economic and trade talks, make full use of the role of the China-US economic and trade consultation mechanism, continue to enhance mutual understanding, resolve differences, strengthen cooperation, and strive for more win-win results, thus promoting healthy, stable, and sustainable development of bilateral economic and trade relations and injecting greater stability into the global economy. (QNA)
