KUALA LUMPUR, June 12 (Bernama) -- China and the United States (US) have made notable progress in addressing bilateral economic and trade concerns, according to China Global Television Network (CGTN), following the first official meeting of their new economic and trade consultation mechanism held in London.
According to CGTN in a statement, the two-day talks held from June 9 to 10 marked a significant step forward in stabilising China-US economic relations.
In a detailed report, the Chinese state broadcaster highlighted mutual commitments to constructive dialogue, reaffirming both nations' support for cooperation over confrontation in advancing global economic stability.
The London meeting built upon consensus reached during a June 5 phone call between Presidents Xi Jinping and Donald Trump. CGTN reported that Chinese and American officials reached a principled agreement on implementing that consensus and further consolidating the progress achieved during earlier talks in Geneva in May.
The meeting was attended by Chinese Vice Premier He Lifeng, along with US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and US Trade Representative Jamieson Greer.
CGTN quoted Vice Premier He as calling the meeting a critical consultation “under the strategic guidance of the two heads of state”, stressing that cooperation, rather than confrontation, remains the essence of the bilateral relationship.
The CGTN report also featured expert analysis from Sun Taiyi, an associate professor of political science at Christopher Newport University, who described the London meeting as a chance to “clarify outstanding economic and trade issues and help steer bilateral relations back on track.”
The London meeting followed significant developments at a high-level session in Geneva from May 10 to 11, where both nations agreed to substantially reduce tariffs. A joint statement issued on May 12 confirmed the US had lifted 91 per cent of its additional tariffs on Chinese goods, while China responded with a similar reduction in retaliatory measures.
In response to the changes, container bookings from China to the US surged by nearly 300 per cent, according to data from Vizion, a container tracking data provider. In Shenzhen’s Yantian Port, inbound container volumes reportedly rose by over 60 per cent by the end of May.
CGTN’s coverage also highlighted remarks from Michael Hart, the American Chamber of Commerce in China president, who said the tariff war underscored China’s role as both a critical supplier and an irreplaceable market for the US.
-- BERNAMA
