On June 9-10 local time, He Lifeng, the Chinese leader in China US economic and trade relations and Vice Premier of the State Council, held the first meeting of the China US economic and trade consultation mechanism with the US leader, US Treasury Secretary Besson, Commerce Secretary Lutnick, and Trade Representative Greer in London, UK. Both sides engaged in frank and in-depth dialogue, exchanging in-depth views on economic and trade issues of mutual concern, reaching a principled agreement on the framework of measures to implement the important consensus reached by the two heads of state on June 5th and consolidate the achievements of the Geneva Economic and Trade Talks, and making new progress in addressing each other's economic and trade concerns. He Lifeng stated that this meeting is an important consultation conducted under the guidance of the strategic consensus reached by the two heads of state on June 5th this year. China's attitude and position on the economic and trade issues between China and the United States are clear and consistent. The essence of the economic and trade relationship between China and the United States is mutual benefit and win-win. Cooperation between China and the United States in the field of economy and trade benefits both parties, while confrontation harms both. There is no winner in a trade war, and China is unwilling to fight, but it is also not afraid to fight. Both sides should resolve economic and trade differences through equal dialogue and mutually beneficial cooperation. China has sincerity and principles in economic and trade consultations. Next, both sides should further leverage the role of the China US economic and trade consultation mechanism in accordance with the important consensus and requirements reached during the phone call between the two heads of state, continuously enhance consensus, reduce misunderstandings, and strengthen cooperation. The Chinese side reiterates that both sides should move towards each other, act on their words, and achieve results in their actions. They should demonstrate the spirit of integrity in fulfilling commitments and take practical actions to fulfill consensus, jointly safeguard the hard won results of the dialogue, continue to maintain communication and dialogue, promote stable and far-reaching economic and trade relations between China and the United States, and inject more certainty and stability into the world economy. The US side stated that this meeting has achieved positive results and further stabilized bilateral economic and trade relations. In accordance with the requirements of the call between the two heads of state, we will work together with China to implement the consensus of this meeting. (New Society)