China will reduce auto tariffs in June next year to open up new energy vehicles foreign investment ratio pilot

At the invitation of Chinese President Xi Jinping, US President Trump paid a state visit to China from November 8-10. According to the Chinese Vice Foreign Minister Zheng Zeguang, the media briefed that President Xi Jinping and President Trump exchanged views frankly and in depth on Sino-U.S. relations and major international and regional issues of common concern in the past two days and reached a consensus on the development of Sino-U.S. relations in a new era. Many important consensuses have been made and the meeting has achieved important and fruitful results.

Zheng Zeguang pointed out that the two heads of state believe that China and the United States have extensive common interests and important responsibilities in safeguarding world peace, stability, and prosperity, and emphasize that the direction of Sino-U.S. relations has important global impacts. A Sino-U.S. relationship that is constantly developing is not only in line with The fundamental interests of the two peoples are also widely expected by the international community.

The two sides spoke highly of the important achievements made in the development of Sino-U.S. relations since the meeting between the two heads of state Haihu Manor and will make joint efforts to promote greater development of bilateral relations. To this end, the two sides will further exert the strategic leadership of the head diplomacy on Sino-U.S. relations, strengthen high-level and all-level exchanges, expand cooperation in a wide range of areas on the basis of mutual benefit, and control and control differences on the basis of mutual respect and strengthen the peoples of the two countries. Mutual understanding and friendship and cooperation in addressing major international and regional issues and global challenges.

President Xi Jinping and President Trump unanimously agreed to continue to maintain close contact through telephone, communications, meetings, etc., and exchange opinions on major issues of common concern in a timely manner.

The two sides believed that the four high-level dialogue mechanisms of China-U.S. diplomatic security, comprehensive economy, social and humanities, law enforcement, and cyber security are of great significance for expanding exchanges and cooperation between the two countries and agreed to continue to make full use of the dialogue mechanism and achieve greater results.

President Xi Jinping emphasized that economic relations between China and the United States covers a wide range of areas such as macroeconomics, trade, investment, and international economic cooperation. Its essence is mutual benefit and win-win results. Maintaining the sustained and stable development of Sino-U.S. economic relations will not only benefit the peoples of the two countries, but will also make a tremendous contribution to world economic growth. Regarding the problems and contradictions that have arisen during the rapid development of economic relations between China and the United States, the two sides should resolve problems through forward-thinking and constructive approaches through the enlargement of Sino-U.S. economic cooperation.

Both China and the United States are willing to further strengthen the coordination of macroeconomic policies, including fiscal, monetary and exchange rate policies, and maintain communication and coordination on issues related to their respective structural reforms and global economic governance. Both parties will work together to promote the strong, sustainable, balanced and inclusive growth of the global economy. The Chinese side is willing to strengthen communication with the United States on increasing its import of foreign commodities and its foreign investment security review policies. The two sides welcomed the signing of the "Airworthiness Implementation Procedures" by the two civil aviation authorities.

In line with its own timetable and road map for expanding opening up, China will greatly ease the market access of the financial industry, including banking, securities funds and insurance, and gradually reduce vehicle tariffs appropriately. Prior to June 2018, the pilot project of opening up the ratio of foreign-invested shares of special vehicles and new energy vehicles was implemented within the Pilot Free Trade Zone. The same value-added tax policy will be implemented for dry corn distiller's grains at the import and domestic links, and the import value-added tax will be exempted.

The Chinese side demands that the United States effectively relax the export control of high-tech products to China, implement the fifteenth obligation of China's accession protocol, treat Chinese companies equally in the United States, promote CICC's independent application for relevant financial business licenses in the United States, and use trade remedy measures with caution. The two sides will maintain communication on the one-year plan for Sino-U.S. economic cooperation or the medium and long-term cooperation plan.

The heads of state of the two countries stated that the two sides will continue to commit themselves to mutually beneficial cooperation in economic and trade cooperation between China and the United States and witnessed the signing of a number of commercial contracts and two-way investment agreements between the companies of the two countries. During President Trump's visit to China, the two countries signed a commercial contract and a two-way investment agreement involving a total amount of more than 250 billion U.S. dollars.

The business results achieved by both parties are abundant. There are both trade and investment; both goods and services; existing commodities, and technologies, covering a wide range of areas such as energy, environmental protection, culture, medicine, and infrastructure, including cooperation in the “Belt and Road”, tripartite cooperation, and industrial funds. . The achievement of these achievements shows that the common interests of the two parties are far greater than their differences, indicating that the field of economic and trade cooperation between China and the United States has a broad base and broad prospects.

In addition, the entrepreneurs of the two countries held a round table meeting with government officials of both sides to discuss in depth the opportunities and challenges facing China-US economic and trade cooperation.

The two sides agreed that the two countries should continue to implement the five-point consensus on cyber security cooperation reached in 2015, make good use of the cybercrime and cybersecurity hotline mechanism, and strengthen cooperation in combating cybercrime and network protection issues, including maintaining and strengthening cybersecurity information sharing, And consider future cooperation in the protection of key infrastructure networks. The two sides will strengthen cooperation in cyber anti-terrorism and the fight against online pornography, e-mail fraud, and Internet theft of corporate intellectual property cases. The two sides decided to conduct dialogues on the development of international rules on cyberspace under the framework of the diplomatic security dialogue and between counterparts to promote international peace and security in cyberspace.