Internet reports that from June 9 to 10 local time, He Lifeng, the Chinese leader of Sino-US economic and trade and Vice Premier of the State Council, and the US leader, U.S. Treasury Secretary Bessant, Commerce Secretary Lutnik, and Trade Representative Greer held the first meeting of the China-US Economic and Trade Consultation Mechanism in London, UK. The two sides held a candid and in-depth dialogue, exchanged in-depth views on economic and trade issues of concern to each other, reached an agreement in principle on implementing the important consensus reached by the two heads of state during the June 5 phone call and a framework of measures to consolidate the results of the Geneva Economic and Trade Talks, and addressed each other's economic and trade concerns. New progress has been made. He Lifeng said that this meeting was an important consultation held under the guidance of the strategic consensus reached by the two heads of state on June 5 this year. China's attitude and position on Sino-US economic and trade issues are clear and consistent. The essence of Sino-US economic and trade relations is mutual benefit and win-win results. If China and the United States cooperate in the economic and trade field, they will benefit both, and if they fight, they will hurt both. There is no winner in the trade war. China is unwilling to fight, but it is not afraid of it. The two sides should resolve economic and trade differences through equal dialogue and mutually beneficial cooperation. China is sincere and principled in economic and trade consultations. In the next step, the two sides should follow the important consensus and requirements reached by the two heads of state over the phone, further play the role of the Sino-US economic and trade consultation mechanism, continuously enhance consensus, reduce misunderstandings, and strengthen cooperation. China reiterates that the two sides should move towards each other, act according to their words and act according to their deeds, show a spirit of integrity to abide by their commitments and efforts to effectively implement consensus, jointly safeguard the hard-won results of dialogue, continue to maintain communication and dialogue, and promote Sino-US economic and trade relations. Steady and long-term progress will inject more certainty and stability into the world economy. The United States stated that this meeting has achieved positive results and further stabilized bilateral economic and trade relations. It will follow the telephone call requirements of the two heads of state, and work with China in the same direction to jointly implement the consensus reached at this meeting. (CCTV News)