People’s Daily Zhongsheng: Focus on the Overall Situation of China-U.S. Economic and Trade Relations and Uphold the Principle of Equality and Mutual Benefit

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After negotiations between both sides, China and the United States will hold talks in Madrid, Spain. Both sides will discuss US unilateral tariff measures, abuse of export controls, as well as economic and trade issues such as TikTok. China will, as always, resolutely safeguard its legitimate rights and interests and the multilateral trading system, and hopes that the US will move in the same direction as China, increase mutual trust, reduce misunderstandings, and strengthen cooperation through equal dialogue and consultation, and shoulder due responsibility in building an open world economy.

The essence of China-US economic and trade relations is mutual benefit and win-win cooperation. Over the past few months, under the guidance of important consensus reached by the leaders of both countries, the two sides' economic and trade teams have held three meetings in Geneva, London, and Stockholm, achieving positive consensus and playing a positive role in stabilizing bilateral economic and trade relations. China-US economic and trade relations are of great significance not only to the two countries but also have an important impact on the stability and development of the world economy. China has always promoted the proper management of conflicts and resolution of differences with a responsible attitude, striving for mutually beneficial results. The global economy lacks growth momentum; working together is the only way out—protectionism will only backfire. The international community welcomes stage-by-stage progress in China-US consultations and expects both sides to continue moving forward on the track of dialogue and consultation, injecting positive energy into upholding the international economic and trade order.

On the TikTok issue, China will adhere to its principles and firmly safeguard the legitimate rights and interests of Chinese-funded enterprises. TikTok has operated in the United States for many years, accumulated a large user base and high user engagement, is loved by the American public, and has contributed positively to promoting domestic employment and boosting consumption in the US. TikTok's growth and vitality reflect market rules and corporate innovation, and its legal and compliant operation should be treated fairly. The Chinese government attaches great importance to data privacy and security, has never and will never require enterprises or individuals to violate local laws to collect or provide data located abroad to the Chinese government. The US side politicizes, instrumentalizes, and over-securitizes economic and trade issues, disregards market economic rules, and seeks to take by force. This not only harms the legitimate rights and interests of enterprises but also damages the credibility of the US market.

The specific commercial arrangements involving Chinese enterprises must comply with Chinese laws and regulations. If such arrangements involve the transfer of technology abroad, regardless of whether it is through trade, investment, or other means, they must comply with the "Regulations of the People’s Republic of China on the Administration of Import and Export of Technologies," and go through government approval in accordance with the law. This is a necessary move to safeguard national economic security and development interests, as well as to regulate the order of technology import and export, and to promote the healthy development of international economic and technological cooperation.

Focusing on the overall situation of China-US economic and trade relations, China maintains an open attitude towards consultations and is willing to resolve respective concerns and find solutions through dialogue on the basis of mutual respect and equal consultation. But consultations are principled; the US side has an obligation to provide an open, fair, just, and non-discriminatory business environment for Chinese-funded enterprises including TikTok to operate in the US. If the US insists on harming the legitimate interests of Chinese-funded enterprises, China will take necessary measures to resolutely safeguard national interests and the legitimate rights and interests of enterprises.

Reaching any consensus in talks requires efforts from both sides. Always seeking to "profit oneself" while making the other side "suffer losses" is not the way to coexist in the long term. Both China and the US should conscientiously implement the important consensus reached in the call between the two countries’ leaders, fully leverage the positive role of the China-US economic and trade consultation mechanism, seek mutual benefit based on equality, respect, and reciprocity, strive for more positive progress, and allow the achievements of China-US mutually beneficial cooperation to better benefit both countries and the world.

Source: People’s Daily; Original Title: "Bell: Focusing on the Overall China-US Economic and Trade Situation, Adhering to the Principle of Equality and Mutual Benefit"

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