He, Li, Li, and Vice Finance Minister Liao Min were described as” strong communicators” by the US business key.
Vice Premier He described the discussions as” candid, in-depth, and constructive” on issues of concern for both countries when he addressed reporters at China’s mission to the World Trade Organization ( WTO ).
He praised the meeting’s” significant progress” and “attained significant consensus,” at the WTO office, which attracted applause from a sizable audience of Chinese officials.
He also had a meeting with WTO Director General Ngozi Okonjo-Iweala, who stated that she was pleased with the talks ‘ results and that she urged the two nations to continue building momentum to avert trade conflicts.
Trump’s previous tariffs on Chinese products have been rejected by the WTO, but the case has stalled in the WTO’s paralyzed appellate body as a result of the US blocking determine sessions.
NEW Discussion System
He continued,” The US and China have come to an agreement to establish a new appointment mechanism for trade and economic problems, with any changes requiring as soon as possible.”
In recent years, China and the US have convened many discussion groups to try to solve trade and economic disagreements, including the Economic Working Group, which past president Joe Biden’s Treasury minister, Janet Yellen established with Vice Premier He in 2023.
These discussions have provided boards for expressing diplomatic grievances, but they have not done much to improve Washington’s long-awaited transition from a state-dominated, export-driven economic model to one driven by consumer spending.