China, US delegations reached basic consensus on arrangements to address respective trade concerns after two days of talks in Kuala Lumpur, Malaysia.⁣ ⁣ The essence of China-US economic and trade relations is mutual benefit and win-win results, and the two countries gain from cooperation and lose from confrontation, Chinese Vice Premier He Lifeng said after meeting in Kuala Lumpur from Saturday to Sunday with US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer.⁣ ⁣ Guided by the important consensuses reached by the two heads of state in their phone conversations since the beginning of this year, the two sides had candid, in-depth and constructive exchanges of views on important trade and economic issues of mutual concerns, including the US Section 301 measures on China's maritime, logistics and shipbuilding sectors, extension of the suspension of reciprocal tariffs, fentanyl-related tariff and law enforcement cooperation, trade in agricultural products, and ex...