China-U.S. economic and trade teams reach preliminary consensus in Malaysia consultations

Chinese Vice Premier He Lifeng, the country's lead representative for China-U.S. economic and trade issues, held economic and trade consultations with U.S. Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer, the lead representatives on the U.S. side in Kuala Lumpur, Malaysia, from October 25 to 26.

Guided by the important consensuses reached in multiple phone calls between the two countries' heads of state this year, the two sides conducted candid, in-depth and constructive consultations on key economic and trade issues of mutual concern, including the U.S. Section 301 measures against China's maritime logistics and shipbuilding