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China and the United States held talks in Madrid, Spain on September 14th and 15th local time. Vice Premier He Lifeng, the Chinese counterpart to the China-U.S. trade and economic cooperation, held talks with U.S. Treasury Secretary Jeffrey Bessant and Trade Representative Greer in Madrid, Spain. Guided by the important consensus reached during the call between the two presidents, the two sides had candid, in-depth, and constructive discussions on economic and trade issues of mutual concern. They reached a basic framework consensus on properly resolving TikTok-related issues through cooperation, reducing investment barriers, and promoting relevant economic and trade cooperation. The two sides will negotiate on the relevant outcome documents and complete their respective domestic approval procedures. He Lifeng stated that China is unwavering in its determination to safeguard its legitimate rights and interests and will resolutely safeguard national interests and the legitimate rights and interests of Chinese-funded enterprises overseas. Regarding the TikTok issue, China will conduct technology export approvals in accordance with laws and regulations. At the same time, the Chinese government fully respects the wishes of Chinese overseas companies and supports them in conducting equal commercial negotiations with their partners based on market principles. He Lifeng pointed out that the essence of China-U.S. trade and economic relations is mutual benefit and win-win, and that the two sides share broad space for cooperation and extensive common interests. Cooperation between China and the United States benefits both, while confrontation hurts both. It is hoped that the United States and China will meet each other halfway, lift relevant restrictive measures against China as soon as possible, and jointly safeguard the hard-won outcomes of the talks through concrete actions, thereby creating a favorable atmosphere for the continued stability of China-US economic and trade relations. Both sides agreed that a stable China-US economic and trade relationship is of great significance to both countries and has a significant impact on global economic stability and development. The two sides will continue to implement the important consensus reached during the call between the two heads of state and the outcomes of previous economic and trade talks, give full play to the role of the China-US economic and trade consultation mechanism, continuously enhance consensus, resolve differences, strengthen cooperation, strive for more win-win results, promote the healthy, stable, and sustainable development of China-US economic and trade relations, and inject more stability into the world economy. (Xinhua News Agency)