Sunday, June 29, 2025

China‑US Economic Dialogue Gains Momentum

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China-US economic dialogue gained momentum in London during two days of intensive talks. Senior trade official Li Chenggang described the discussions as professional, rational, and candid. They followed phone agreements between national leaders on June 5. The dialogue also built on consensus reached during Geneva negotiations. Participants believe this China-US economic dialogue will strengthen international economic cooperation.

Li Chenggang, China’s international trade representative, led the Chinese delegation alongside Vice Minister of Commerce. He briefed the media after the first meeting of the bilateral economic and trade consultation mechanism. He said both countries agreed in principle to implement those high-level outcomes. Moreover, he expressed hope that progress will enhance trust and sustain economic ties. He further added that this China-US economic dialogue boosts positive energy for global growth.

Analysts praised the tone and substance of the London consultations. He Weiwen from the Center for China and Globalization noted the mutual respect shown. Weiwen said the talks lay a stable foundation and increase predictability. He also expects more rounds of bilateral discussions in the near future. This continuation will underscore the importance of the China-US economic dialogue.

Bao Jianyun of Renmin University also weighed in on the outcomes from London. He suggested the talks acted as an anchor amid global economic uncertainty caused by sweeping US tariffs. Furthermore, he said the meeting highlights China’s commitment to multilateral trade and globalization. He also emphasised China’s role in supplying quality products worldwide. These points reveal how the China-US economic dialogue contributes to economic stability amid trade tensions.

Business sentiment remains cautiously optimistic following the London meeting. According to the American Chamber of Commerce survey, most US firms in China do not plan to exit. None reported shifting production back to the United States. These findings suggest that the dialogue helped ease some corporate concerns. Moreover, they show that ongoing market engagement remains viable.

Experts noted the importance of following through on agreed actions. Zhou Mi from the Chinese Academy of International Trade urged respect for market rules and reduced administrative interference. He added that the US must align words with actions. Both sides should avoid unilateral changes to commitments. These steps are vital for maintaining trust and credibility in trade.

Nevertheless, analysts caution that structural issues still persist. Bao advised that China should maintain strategic patience and prepare for future complexities. He believes the ongoing dialogue helps manage these challenges more effectively. He also stressed the need for long-term readiness amid unpredictable trade dynamics. Ultimately, advocates say the China-US economic dialogue remains a key platform for managing bilateral tensions.

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