U.S. and Chinese Heads of State Meet to Achieve Consensus

"I had a very good meeting with Chinese President Xi Jinping yesterday, which was much better than expected." "Importantly, we have opened negotiations with China again, because our relationship with them is still very good." U.S. President Trump tweeted early on June 30 and spoke highly of his meeting with Xi Jinping the day before. The heads of state of China and the United States met in Osaka on June 29. The two heads of state agreed to resume economic and trade negotiations on the basis of equality and mutual respect, and the United States would no longer impose new tariffs on Chinese products. During the meeting, the two heads of state also reached some important consensus on the fundamental issues of the development of Sino-US relations: the two sides agreed to continue to promote Sino-US relations based on coordination, cooperation and stability. These important agreements send positive and positive signals to the international community and global markets. "Russia Today" TV said that during the G20 Osaka Summit, the Chinese and American heads of state agreed that the two countries would continue trade negotiations, which brought positive signals to the international community and the global economy. At the same time, more people are concerned about the final "10% hard road" of Sino-US trade negotiations. Reuters noted that after the first ice-breaking meeting between China and the United States, Chinese public opinion had shown different performances from previous progress in Sino-US negotiations: China's major official media calmly indicated that China and the United States had a long way to go to reach an agreement to end the trade war, and there would be more struggles.

"Negotiations should be equal and show mutual respect"

"US President Trump and Chinese President Xi Jinping held a globally focused meeting on Saturday during the G20 Osaka Summit. The two sides reached a ceasefire agreement on trade war and agreed to restart economic and trade negotiations without imposing new tariffs, which marked tensions between the world's two largest economies. Now ease off." Agence France-Presse said that the trade war between China and the United States had cast a shadow over the G20 summit. For a fragile world economy, protectionism and trade wars are the biggest disadvantages.

On June 29, at 11.50 a.m. local time, the meeting between the heads of state of China and the United States was held in the bilateral meeting hall of the Osaka International Convention and Exhibition Center. At the beginning of the meeting, Xi began by reviewing the "table tennis diplomacy" between China and the United States that took place 48 years ago in Nagoya, Japan. Xi pointed out that in the past 40 years since the establishment of diplomatic relations between China and the United States, great changes have taken place in the international situation and bilateral relations, but the basic fact remains unchanged. That is, Sino-US cooperation is beneficial to both sides, fighting is harmful, cooperation is better than friction, and dialogue is better than confrontation. On economic and trade issues, Xi stressed that China has good faith in continuing negotiations with the United States to control differences, but negotiations should be equal, reflecting mutual respect and resolving their respective legitimate concerns. On issues involving China's sovereignty and dignity, China must safeguard its core interests.

For this meeting, Trump sent three tweets in the morning of the 30th. "I had a very good meeting with Chinese President Xi Jinping yesterday, which was much better than expected," he said. I agree not to impose new tariffs while continuing trade negotiations. China has agreed to start large-scale procurement of agricultural products from our great farmers (5.500, 0.08, 1.48%) during the negotiations. Trump also said, "At the request of our high-tech company and Chairman Xi, I agreed to let Huawei, a Chinese company, buy products from American companies that do not affect our national security. More importantly, we have opened negotiations with China again, because our relationship with them is still very good. "For me, the quality of the transaction is far more important than the speed," he said. I'm not in a hurry, but everything looks good. Earlier, Trump said at the G20 press conference on Saturday that "we (China and the United States) are back on track." The Financial Times said that the world has been closely watching whether the two largest economies can reach an agreement to end the escalating trade war that has brought pain to the world economy in the past year. In the media centre of the Osaka International Exhibition Center, where the G20 main venue is located, the television screen that broadcasts the news of the "Special Session" was surrounded by journalists from all over the world. Within an hour, he witnessed at least five groups of journalists in different languages broadcasting live in the background. "During the summit, I never saw a bilateral event." The meeting has such wide and intense attention.

"Russia Today" TV quoted Russian ACRA credit rating agency expert Barava on June 30 as saying that the US and Chinese heads of state agreed that the two countries would continue to conduct trade negotiations, bringing a positive signal to the international community and the global economy. Any trade restrictions will have a negative impact on the global economy. The continued trade negotiations between China and the United States are a positive signal. In an interview with the BBC, Parker, Vice President of China Affairs of the US-China National Committee on Trade, said: "For the business community, it is good news to restart trade negotiations and bring some certainty to ease the deteriorating relationship between the two countries." "From now on, the two sides will have to find common ground in the most difficult places, but if the top leaders make a commitment, they will lead the two countries to a path that can lead to a solution," he said.

"'The Special Session'once again pressed the key to restart trade negotiations, which at least prevented the further escalation of current tensions between China and the United States. In recent years, the escalation of tensions between the United States and China has made the global financial markets feel like pins and needles, which has shrouded the world economy.