China and the United States held candid and constructive consultations on economic and trade issues in the Republic of Korea, led by Vice-Premier He Lifeng and US Treasury Secretary Scott Bessent, reported China Daily.

The Ministry of Commerce said the talks focused on deepening cooperation and were guided by consensus reached between the two heads of state. Both sides emphasised mutual respect, peaceful coexistence and win-win cooperation.

This was the seventh round of consultations since May 2025, following meetings in Geneva, London, Stockholm, Madrid, Kuala Lumpur and Paris. Progress has been made in tariff reduction, supply chain coordination, export controls, market access and mechanisms for continued dialogue.

Market observers said predictable China-US business ties are vital for global growth, investment confidence and supply chain resilience. Oliver Oehms of the German Chamber of Commerce in China-North China said stable relations would strengthen industrial resilience and boost consumption worldwide.

Zheng Yongnian of The Chinese University of Hong Kong (Shenzhen) said China-US economic ties are central to global supply chain stability. He noted China's strengths in applied technology, manufacturing scale and demand for agricultural products, while the US remains strong in research, financial services and energy output.

Mr Zheng said the two economies are highly complementary and closer integration would generate broad positive spillovers for global growth.