02:09
We begin in Beijing, where a new round of trade talks between China and the US have concluded. After Sunday's meeting between Chinese Vice Premier Liu He and US Commerce Secretary Wilbur Ross, Beijing released a statement saying the two sides have achieved positive and concrete progress. The statement also said if Washington continues with trade sanction measures, any agreements reached will be void. Wang Qiwei has our top story.
A new round of talks trying to settle the trade disputes. The world's two largest economies sat once again at the negotiation table, and achieved positive results. US Commerce Secretary Wilbur Ross said the trade talks had been "friendly and frank". He came to Beijing for talks after the Trump administration renewed tariff threats against China. It could affect Chinese goods of a total worth 50 billion US dollars.
After the negotiations, Xinhua news agency made a short statement. It said the two sides had good communication on implementing the consensus reached in Washington. It also said both sides have made concrete progress in many areas such as agriculture and energy. However, the relevant details have yet to be confirmed by both sides.
Last month, during Chinese Vice Premier Liu He's visit to Washington, the two sides agreed on meaningful increases in US agriculture and energy exports. However, China also suggested in the statement that the achievements reached by the two sides should be based on the premise that the two countries will not fight a trade war. And if the US continues with trade sanctions including tariffs, all the economic and trade agreements will be void.
The Xinhua statement added that China's attitude has been consistent, which is that it is willing to increase imports from all other countries, including the US. And China will not change the rhythm of its reform and opening up. The trade disputes have been going on for months now, and the talks this time are expected to pull the two countries back from the brink of a trade war. WQW, CGTN.