Market News International:

At the Davos World Economic Forum, the U.S. trade representative was reported to have floated the idea for another round of trade negotiations between China and the U.S. ahead of the likely heads of state meeting in April. He said there was chance for some kind of further agreement on trade items that are non-sensitive. What is the Chinese view on the chances for a new round of negotiations and a further agreement in line with the U.S. trade representative's comment? Thank you.

Wang Zhihua:

Thank you. I will answer this question. In 2025, under the strategic guidance of the heads of state of China and the United States, both sides, upholding the spirit of equality, respect and mutual benefit, carried out five rounds of economic and trade consultations, achieved a series of positive results, and fully proved that China and the U.S. can find solutions through equal dialogue and consultation.

After the meeting between the two heads of state in Busan, both sides maintained continuous communication at all levels through the China-U.S. economic and trade consultation mechanism to jointly promote the implementation of the important consensus reached at the heads of state meeting and the outcomes of the Kuala Lumpur economic and trade consultations. China is willing to work with the U.S. in the spirit of mutual respect, peaceful coexistence, and win-win cooperation to jointly safeguard and implement the important consensus of the two heads of state, make good use of the China-U.S. economic and trade consultation mechanism, manage differences, advance cooperation, and maintain the stable, healthy and sustainable development of China-U.S. economic and trade relations. Thank you.