[China and the US Reach Important Consensus, Talks Make Substantive Progress] The high-level economic and trade talks between China and the US were held in Geneva, Switzerland, from May 10 to 11. He Lifeng, the Chinese lead negotiator for economic and trade affairs and Vice Premier of the State Council, stated at a press conference held by the Chinese delegation on the evening of May 11 local time that the high-level economic and trade talks between China and the US were frank, in-depth, and constructive, reaching important consensus and making substantive progress. Both sides agreed to establish a China-US economic and trade consultation mechanism. China and the US will finalise the relevant details as soon as possible and will release a joint statement on the outcomes of the talks on May 12.