Chinese Vice Premier He Lifeng, also China's lead person for China-US economic and trade affairs, and US lead person Treasury Secretary Scott Bessent held consultations on economic and trade issues on Wednesday in the Republic of Korea (ROK).

Guided by the important consensus reached between the two heads of state, and upholding the principles of mutual respect, peaceful coexistence and win-win cooperation, the two sides held candid, in-depth and constructive consultations on economic and trade issues of mutual concern and further expanding practical cooperation.