Prudential and Pragmatic Next Round of Economic and Trade Consultations between

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      The "progress bar" of Sino-US economic and trade negotiations can finally move forward. The latest 13th round of high-level economic and trade consultation, although delayed from September as previously planned, still sends an optimistic signal to the market. For bilateral economic and trade relations that have gone through more than 10 rounds of negotiations but still have uncertain prospects, follow-up negotiations will focus more on the efficiency and quality of negotiations.
Officials in China pointed out that the time seemed to be delayed, but the progress of the working teams of the two sides was not delayed, and it has been advancing continuously. Negotiations need to be more pragmatic and efficient. Preliminary communication is essential. Only when a certain negotiation basis is reached, can follow-up high-level consultations be launched. In addition, the negotiation will be conducted against the background of mutual tariffs. How to resolve the differences in the previous negotiations and when the current tariffs will be abolished will make this paving more important.
"Avoiding and reducing ineffective communication is not a bad thing to be cautious and pragmatic." An official close to China's decision-making level said that earlier lower-level consultation was more important.
Another Chinese official who knows the situation also pointed out that the content of the negotiations has become more and more extensive and needs to be well prepared and communicated in the early stage. Future economic and trade negotiations will gradually show flexibility. However, he also stressed that the premise is not to break through the basic bottom line.
In a telephone call Thursday, the two leaders agreed to hold the thirteenth round of Sino-US high-level economic and trade consultation in Washington in early October, and made it clear that the working level would hold serious consultations in mid-September. Speaker Gao Feng of the Ministry of Commerce did not elaborate on the details of the arrangement of the consultation in the subsequent regular briefing, but he stressed that the leaders of both sides had a good telephone conversation and that the 13th round of high-level economic and trade consultation between China and the United States would strive for substantive progress.


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