China & U.S. Establish Trade Consultation Mechanism

The China-U.S. relationship saw a positive development today with the agreement on a new trade consultation mechanism during discussions held in Geneva. According to BlockBeats, Chinese Ministry of Commerce spokesperson He Yongqian confirmed this at a press conference where he addressed questions regarding the mechanism’s establishment. The spokesperson emphasized China’s commitment to resolving trade concerns through dialogue and communication. Both countries have agreed to establish the mechanism for maintaining communication on their respective trade issues. Further details will be released by the Chinese government in due course.