China and the United States have taken a key step toward operationalizing the high-level consensus reached by President Xi Jinping and President Joe Biden, agreeing in principle on a framework to guide follow-up actions, said Li Chenggang, the Chinese mainland's international trade representative and vice commerce minister, on Tuesday.
The outline builds on discussions from the leaders' June 5 phone call and last month's talks in Geneva, setting the stage for technical working groups to flesh out timelines, deliverables and coordination mechanisms.
By translating broad commitments into a structured roadmap, both sides aim to reinforce stability in trade, address emerging global challenges and foster predictable channels of communication.
Observers note that this pragmatic approach could help temper market uncertainty and create room for collaboration with global stakeholders on issues like supply chain resilience and digital governance.
Reference(s):
China, U.S. agree on framework to implement leaders' consensus
cgtn.com
