The first meeting of the China-US economic and trade consultation mechanism was held in London on the 9th. After a long talks between senior officials of the two countries, they needed to continue their consultations on the 10th. However, US Treasury Secretary Becent and Commerce Secretary Lutnik, who attended the meeting, told the outside world at the end of the meeting that the talks were fruitful. The following is a report from the scene of Phoenix reporters sent by the scene from London—
A delegation represented by China Vice Premier He Lifeng arrived at the meeting place at noon on the 9th local time.
Senior U.S. officials actually arrived in London on the morning of the 9th local time and headed straight to the meeting place. U.S. Commerce Secretary Lutnik, who was absent during the Sino-US Geneva talks in May, appeared in front of media cameras this time. He is considered a senior U.S. official with a very strict control over China's technology exports.
The last one to get off the bus and walk into the venue was U.S. Treasury Secretary Bescent. According to reports from the US media, Becent was authorized by US President Trump before his trip, and there is room for lifting restrictions on the wide range of technology products exported by the US to China during this conversation.
Another focus of this talks is Can China accelerate its rare earth exports to the United States in accordance with the request of the United States. British media quoted the view of senior fund project managers as saying that China mined 69% of the world's rare earths, which is crucial to the development of US technology. The market hopes that the talks will allow both parties to obtain acceptable expected results and leave London.
The agreement reached in May gave China and the United States a 90-day deadline to try to reach a trade agreement before August 12. But the talks on the 9th were actually from afternoon to evening, and they continued, and the form also changed from a large-scale meeting to a small-scale discussion on specific topics.
Phoenix TV reporter Cao Ji:
The dialogue held by Chinese and American government officials in London will continue on the 10th. At the meeting site, outside the Lancaster Palace in London, some media reporters were still stationed for a long time to closely monitor the development of the situation.
Outside public opinion generally believes that the dialogue between the two sides is positive, obviously hoping to extend the truce period recognized by both sides after the earlier trade frictions. However, given the considerations of the strategic development of China and the United States, there are still certain variables in whether this dialogue can achieve the expected results.
Source: Cao Ji, Li Moke, London Report
Editor: Wanqing
