Xinhua News Agency, Geneva, May 11 (Reporter Shi Song and Jiao Qian) High-level China-US economic and trade talks were held in Geneva, Switzerland from May 10 to 11. He Lifeng, the leader of China-US economic and trade, and Vice Premier of the State Council, said at a press conference held by the Chinese delegation on the evening of the 11th local time that the high-level economic and trade talks between China-US economic and trade were frank, in-depth and constructive, reached important consensus, and made substantial progress. The two sides agreed to establish a China-US economic and trade consultation mechanism. China and the United States will finalize the relevant details as soon as possible and will issue a joint statement reached at the talks on May 12.

He Lifeng said that under the current circumstances, this talks have attracted great attention from the international community. Through the joint efforts of China and the United States, the talks were effective and an important step in resolving differences through equal dialogue and consultation was taken, laying the foundation and creating conditions for further bridging differences and deepening cooperation.

He Lifeng said that China-US economic and trade relations are of great significance to both countries, and also have an important impact on global economic stability and development. China is willing to work with the United States to actively implement the important consensus reached by the two heads of state on January 17 this year. With a pragmatic attitude towards solving problems, we will have frank dialogue, equal consultation, manage differences, tap the potential for cooperation, lengthen the list of cooperation, expand the cooperation cake, promote new development of China-US economic and trade relations, and inject more certainty and stability into the world economy.