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Cooperate to solve economic and trade disputes

By Zhong Sheng, People’s Daily

Chinese President Xi Jinping praised the important progress made in the new round of China-U.S. high-level economic and trade consultations in his meeting with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Feb.15.

It was the first time in months that the Chinese President met members of the US team who came to China for trade and economic talks. The meeting proved that the early-stage trade and economic talks have made positive results. It also pointed direction and injected new impetus to the development of bilateral economic and trade relations in the next stage.

Cooperation is the best choice for both sides and there are principles for cooperation. In retrospect of the China-US trade talks, the head-of-state diplomacy has always set the tone for the negotiations.

On Dec. 1, 2018, President Xi met with his US counterpart President Donald Trump in Argentina. In less than a month, the two heads of state held a phone conversation. The important consensus reached between them to push for mutually beneficial and win-win agreement that benefits the world is driving the two countries to solve disputes step by step.

The outcomes of the just-concluded high-level economic and trade talks once again proved that cooperation would lead the two countries forward. Guided by the consensus reached between the two heads of state, as well as the spirit of mutual respect and win-win cooperation, both teams worked actively to maximize common interests, reached consensus in principle on major issues, held specific discussions about a memorandum of understanding on bilateral economic and trade issues, and had in-depth communication on topics of common concern including implementation mechanism, moving forward in solving the disputes.

Such outcomes conform to the common expectation of both sides and that of the international community.

China and the US are inseparable, and cooperation creates win-win results while confrontation leads to lose-lose scenarios. A China-US relationship based on coordination, cooperation and stability serves the fundamental interest of the two peoples. Days ago, seventeen American former politicians and renowned experts on Chinese studies released a report in Washington D.C., calling on the federal government to find solutions to disputes through dialogue and consultation and stressing that China-
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