CoinVoice has recently learned that the Ministry of Commerce of China held a regular press conference on the afternoon of June 12, where a reporter asked about the first meeting of the China-U.S. economic and trade consultation mechanism. He Yadong, the spokesperson for the Ministry of Commerce, stated that from June 9 to 10 local time, the economic and trade teams of China and the United States held the first meeting of the China-U.S. economic and trade consultation mechanism in London, UK.

The two parties reached a principled consensus on the framework of measures to implement the important consensus from the phone call between the leaders of the two countries on June 5 and to consolidate the results of the Geneva economic and trade talks, making new progress in addressing each other's economic and trade concerns. Next, both sides will further leverage the role of the China-U.S. economic and trade consultation mechanism, continue to maintain communication and dialogue, enhance consensus, reduce misunderstandings, strengthen cooperation, and jointly promote the steady and long-term development of China-U.S. economic and trade relations.