China, US agree on some trade issues

China and the United States reached a consensus on some issues during their high-level trade talks on Thursday and Friday in Beijing, said Xinhua News Agency.

Vice-Premier Liu He, also a member of the Political Bureau of the Communist Party of China Central Committee, carried out frank, efficient and constructive discussions on China-US economic and trade issues with the delegation led by Treasury Secretary Steven Mnuchin, visiting as US President Donald Trump's special envoy.

Both parties believe that healthy and stable Sino-US economic and trade relations are very important to the two countries, and both are committed to solving relevant economic and trade issues through dialogue and consultation.

The two sides fully exchanged views on expanding US exports to China, bilateral service trade, two-way investment, the protection of intellectual property rights, and the settlement of tariff and nontariff measures. In some areas, some consensus has been reached.

Both parties recognize that there are still major differences on some issues and they need to continue to intensify their work and make more progress.

The two sides agreed to establish a communication mechanism and maintain close communications.

China made solemn representations to the US side regarding the case of ZTE Corporation, said a spokesman of the Ministry of Commerce. The US side expressed that they will pay attention to these representations and will report China's position to the president of the United States.