00:00Chinese Vice Premier Hurley Fung met with U.S. Treasury Secretary Scott Besant and U.S. Trade Representative Jamia Sangria from Saturday to Sunday in Malaysian capital Kuala Lumpur.
00:18Hur said the essence of China-U.S. economic and trade relations is mutual benefit and win-win cooperation.
00:25The Vice Premier also emphasized that both countries gain from partnership and lose from confrontation.
00:32Guided by the consensus breached by Chinese President Xi Jinping and U.S. President Donald Trump in phone conversations earlier this year,
00:40the two delegations held candid in-depth and constructive exchanges on major issues of mutual concern.
00:47These topics included U.S. Section 301 measures on China's maritime, logistics and shipbuilding sectors,
00:54the extension of the suspension of reciprocal tariffs, fentanyl-related tariffs and law enforcement cooperation,
01:01trade in agricultural products and export controls.
01:05Both sides agreed to work out the specific details and follow respective domestic approval procedures.
01:12Vice Premier He stressed that it is in the interest of both countries to maintain stable China-U.S. trade relations in a way that meets the expectations of the international community.
01:24He said differences should be managed through dialogue and consultation on an equal footing, upholding mutual respect and women cooperation.
01:33The Chinese Vice Premier has urged Washington to work with Beijing to implement the consensus reached by President Xi and Trump,
01:42build trust, manage differences and expand mutually beneficial cooperation.
01:48China's international trade representative and vice minister of commerce Li Chenggang spoke to the media after the talks.
01:55China's international trade representative and China's international trade representative and cooperation.
02:02Since the Geneva talks in May this year, the Chinese side has been honestly and conscientiously following the consensus of the phone calls between our presidents
02:13and implementing the consensus and arrangements made in previous consultations.
02:18We have been caring for stabilizing this hard-worn stable development of our trade and economic relationship and the current turbulences and twists and turns are the ones that we do not wish to see.
02:32For its part, the U.S. delegation acknowledged that the China-U.S. economic and trade relationship is the most influential bilateral relationship
02:42in the world.
02:44It expressed a willingness to engage with China in the spirit of equality and respect to address differences and deepen cooperation.
02:52Both sides agreed to make full use of the China economic and trade consultation mechanism to maintain close communication
02:59and promote the healthy, stable and sustainable development of economic and trade relations to benefit the two peoples and contribute to global prosperity.
03:10Fairway,
