As global eyes turned to Geneva on May 10–11, He Lifeng, the Chinese lead person for China–US economic and trade affairs and vice premier of the State Council, met with United States Treasury Secretary Scott Bessent and United States Trade Representative Jamieson Greer for open talks on trade and economic cooperation.
The discussions were candid, in-depth, and constructive, leading to a series of important understandings designed to boost market transparency. Their joint statement, released on May 12, emphasized a shared belief in the multilateral trading system as the backbone of global economic stability.
China’s decision to reengage at this level not only reaffirms its firm commitment to multilateralism but also presents a fresh opportunity to reform and improve the global governance framework. For entrepreneurs, policy watchers, and young global citizens alike, these Geneva talks signal a shift toward collaboration that could reshape supply chains and trade rules worldwide.
Reference(s):
China-US should uphold core values of multilateral trading system
cgtn.com
