China says trade teams reached "basic consensus" ahead of talks

Oct 30, 2025

China's leader told the U.S. president that economic and trade teams had made "encouraging progress" and reached a "basic consensus" on major concerns, while acknowledging normal frictions between the two economies.

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President Xi said recent consultations between Chinese and U.S. economic and trade teams had "reached basic consensus on addressing our respective major concerns and made encouraging progress." He framed such progress as providing "the necessary conditions for our meeting today."

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