September 24th, Foreign Minister spokesperson Guo Jia Kun presided over the regular press conference.
Reuters reporter asked that US Treasury Secretary Steven Mnuchin stated that China and the United States have agreed to extend the "trade truce" agreement until January 10 next year. No news has been released by China yet. Does China agree to extend the "trade truce"?
Guo Jiakun said that regarding the situation related to Sino-US economic and trade consultations, it is recommended that you consult the relevant Chinese authorities.
According to Reuters, on September 23 local time, U.S. Treasury Secretary Steven Mnuchin said that China and the U.S. agreed to extend the ‘trade truce’ agreement, which is scheduled to expire on November 10, for two months, in order to gain more time to negotiate a trade agreement that could be even larger in scope.
On that day, He Linfeng, the Chinese leader of the Sino-US economic cooperation, and Steven Bannon, the American leader, held talks. After the talks, Bannon said that extending the 'trade truce' agreement for two months would give both sides 'more time to explore what achievements can be made in the economic field'.
According to the Ministry of Commerce website, on September 24, He Yadong, spokesperson for the Ministry of Commerce, introduced at a regular press conference that on September 2 and recently, Chinese and American economic and trade teams held the eighth round of economic and trade consultations in the United States. Guided by the important consensus reached by the two heads of state, the two sides adhered to the principles of mutual respect, peaceful coexistence, and cooperative win-win outcomes. They engaged in candid, in-depth, and constructive discussions on issues of mutual concern, such as implementing existing economic and trade consultation agreements, reciprocal tariff reductions, establishing trade councils and investment councils, and extending the joint arrangements for Kuala Lumpur economic and trade consultations. Several consensus agreements were reached. Vice Premier He Lifeng and Finance Minister Beasen held their first dialogue on artificial intelligence under the Sino-US economic and trade consultation mechanism. In the next step, China will maintain close communication with the US side regarding subsequent work within the Sino-US economic and trade consultation mechanism.
