Global Times editorial: During the meeting between the leaders of China and the United States in Busan, China and the US provide a "stabilizer" for the world economy.
The article states that on the afternoon of the 30th, the spokesman for the Chinese Ministry of Commerce announced the consensus reached in recent negotiations between China and the United States, including the US cancelling the 10% so-called "fentanyl tariff" on Chinese goods, the US suspending its section 301 investigation measures against China's maritime, logistics, and shipbuilding industries for one year, and China also temporarily suspending its retaliatory measures against the US for one year. The UK's The Times commented that the meeting between the leaders of China and the US avoided a destructive trade war, alleviated concerns, and stabilized expectations for governments and businesses around the world. US Treasury Secretary Mnuchin, in an interview with US media on the 30th, said that the Kuala Lumpur agreement "was completed yesterday in the middle of the night," and the US and China could potentially sign it as early as next week.
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