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Real-time News
On July 23, Meng Huating, Director-General of the Department of Foreign Investment Administration of the Ministry of Commerce, responded to questions regarding the progress of the establishment of the China-US Trade Council and Investment Council at a press conference held by the State Council Information Office. She stated that the trade teams of both sides are currently maintaining close communication on the specific arrangements for the Trade Councils structure, functions, and operating model, and are exploring the implementation of a reciprocal tariff reduction framework of $30 billion each. China is widely soliciting opinions from domestic enterprises, business associations, local governments, and US-invested enterprises and business associations on relevant tariff reduction arrangements. The US is also soliciting public comments on the Trade Council and the reciprocal tariff reduction arrangements. Both sides will maintain close communication, finalize specific product tariff reduction arrangements as soon as possible, and promote their implementation to further expand bilateral trade.On July 23, Foreign Ministry Spokesperson Lin Jian held a regular press conference. In response to negative remarks made by a senior U.S. official regarding Chinas artificial intelligence, Lin Jian stated that China has consistently opposed the politicization and instrumentalization of science and technology trade issues. Such actions will only disrupt the global development of artificial intelligence and are not in the interest of any party.European Commission President Ursula von der Leyen: For the first time, we have targeted vessels that assist Russia’s shadow fleet with sanctions.European Commission President Ursula von der Leyen: We welcome the agreement reached on the 21st round of sanctions against Russia. Our sanctions continue to weaken Russias economic foundations as it builds a military momentum in Ukraine.On July 23, Foreign Ministry Spokesperson Lin Jian held a regular press conference. A reporter asked: Yesterday, Foreign Minister Wang Yi attended the China-ASEAN Foreign Ministers Meeting in the Philippines and met with foreign ministers from multiple countries. Could you please provide some information? Given the current regional situation, how do you view the prospects for the development of China-ASEAN relations? Lin Jian stated that on July 22, Foreign Minister Wang Yi attended the China-ASEAN Foreign Ministers Meeting in Manila, with foreign ministers from ASEAN countries and the ASEAN Secretary-General in attendance. Wang Yi stated that under the joint strategic guidance of the leaders of both sides, China-ASEAN cooperation has yielded fruitful results. China and the eight ASEAN countries have reached an important consensus on jointly building a bilateral community with a shared future, and the construction of a community with a shared future in the surrounding region has deepened and become more practical. Foreign Minister Wang Yi stated that the South China Sea is the common home of countries in the region, and the South China Sea issue should not become an obstacle to China-ASEAN relations. China and ASEAN countries have the wisdom and ability to continue to properly handle the South China Sea issue, making peace, stability, cooperation, and friendship the mainstream narrative in the South China Sea, and firmly grasping the initiative in maintaining peace and stability in the South China Sea. China is willing to work with ASEAN countries to eliminate interfering factors and accelerate consultations on the "Code of Conduct in the South China Sea."
