Lianhe Zaobao:

The U.S. government launched a trade war last year. What was the state of China-U.S. economic and trade relations in 2025, and how significantly were they affected? With the current tariff war on pause, how should we assess this year's trade trends? Thank you.

Wang Jun:

Thank you. I would like to invite my colleague, Mr. Lyu, to answer your questions.

Lyu Daliang:

Thank you for your questions. According to China's customs statistics, China's import and export volume with the United States totaled 4.01 trillion yuan in 2025, accounting for 8.8% of China's total foreign trade value. According to U.S. statistics, in the first 10 months of 2025, U.S. imports and exports with China totaled $373.64 billion, accounting for 7.8% of total U.S. foreign trade.

Last year, the heads of state of China and the United States had multiple phone calls and held a successful meeting in Busan, South Korea, reaching a series of important consensus. Positive outcomes have been achieved after several rounds of economic and trade consultations, leading to a phased easing of tensions in China-U.S. economic and trade relations. According to the bilateral merchandise trade statistics, China is the third-largest export destination and the third-largest import source for the United States, while the United States is China's largest destination for merchandise exports and the third-largest import source.

What I want to say is that the essence of China-US economic and trade relations is mutual benefit and win-win outcomes. Maintaining stable, healthy, and sustainable development of China-US economic and trade relations is beneficial to both countries and to the world. The two sides should work together to implement the consensus reached by their heads of state, and continuously shorten the list of disagreements and lengthen the list of cooperation through dialogue and consultation, so that China-U.S. economic and trade relations can become the "ballast" and "catalyst" for the overall China-U.S. relationship. Thank you.