Details on trade talks confirmed

According to the response of the spokesperson of the Chinese Ministry of Commerce on June 27, the economic - and - trade teams of China and the United States have further confirmed the details of the framework for implementing the important consensus reached by the two heads of state in their phone talks on June 5, and consolidating the results of the Geneva economic and trade talks. The specific details are as follows:Chinese side's measure: China will review and approve applications for the export of eligible controlled items in accordance with the law. Although China has relaxed some of the export controls on rare - earths, it will strictly restrict their use. According to sources, these applications mainly focus on the civil automotive field, and the military field is not open. The final control, approval and monitoring rights are all in China's hands.U.S. side's measure: The United States will cancel a series of restrictive measures previously imposed on China accordingly.Expectations for future cooperation: It is hoped that the United States will work together with China, give full play to the role of the China - U.S. economic and trade consultation mechanism, continuously enhance consensus, reduce misunderstandings, strengthen cooperation, and jointly promote the healthy, stable and sustainable development of China - U.S. economic and trade relations.This confirmation of details is the result of the close communication between the two sides after the economic and trade talks in London from June 9 to 10. It is of great significance for promoting China - U.S. economic and trade relations, and is also regarded as a major breakthrough in the trade negotiations between the two countries in recent weeks.