China and USA reinforce economic consensus in London to stabilize trade relations

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The meeting, widely reported by international communication agencies, was organized following the consensus reached between Presidents Xi Jinping and Donald Trump during a telephone conversation held on the 5th of the same month.

For two days of negotiations, delegations from both countries kept open and substantial dialogues. According to official sources, a preliminary understanding of the measures to apply the consensus established among leaders, as well as to consolidate the results of previous economic and commercial conversations held in Geneva, was achieved. Both parties also registered advances in treating mutual concerns.

Both sides reiterated the commitment to work together in the serious and coordinated implementation of the consensus achieved. According to Professor Li Haidong, from the University of Foreign Affairs of China, the outcome of the meeting reflects the mutual disposition to manage disagreements and foster a stable and healthy development of Sino-American economic and commercial relations. The academic stressed that this progress meets the expectations of the international community and represents a positive impetus to the global economy.

China has again emphasized that Beijing and Washington shares considerable common interests and a vast potential for cooperation. After negotiations in Geneva, held in May, the Chinese party rigorously applied the agreements signed, having revoked or suspended tariff and non -tariff measures in response to the United States.

The conversation between the two heads of state, on June 5, was described by diplomatic sources as a key moment of reorientation of the bilateral relationship. However, Beijing has also reiterated his principles: he does not intend to engage in commercial conflicts, but is prepared to defend his interests if necessary. The Chinese position is clear in stating that coercion has no effect.

In a context of growing economic uncertainty, accentuated by protectionist measures, the World Bank recently reviewed the forecast of global growth to 2025. In this scenario, analysts stress that it is up to China and the United States, as the two largest economies in the world, the responsibility of reducing misunderstandings, promoting cooperation and contributing to international economic stability-for the benefit of their citizens and the global community.