Today's Lianhe Zaobao reports: "U.S. Treasury Secretary Bessent posted on a social media platform on Friday (July 31), emphasizing during his call with Chinese officials that the U.S. expects China to fully fulfill its commitments regarding rare earths and American agricultural products."
This high-level communication is paving the way for the upcoming summit between the leaders of China and the United States in mid-September. The U.S. has openly highlighted rare earths and American agricultural products as key demands, while expressing concerns over China's new supply chain policies. Meanwhile, China has directly voiced serious concerns about the escalating economic and trade restrictions imposed by the U.S. on China. Both sides agreed to make full use of economic and trade consultation mechanisms to enhance communication, yet their respective demands remain clearly imbalanced: the U.S. seeks China to honor its commitments but shows no willingness to ease technological and trade barriers against China; China advocates for fair and equal cooperation and opposes unilateral restrictions. It is evident that communication channels remain open and both sides are eager to avoid a collapse in economic and trade relations, but substantial differences persist. Whether meaningful progress can be achieved moving forward hinges crucially on whether the U.S. will demonstrate genuine reciprocity—rather than merely pursuing one-sided gains.
Original source: toutiao.com/article/1872222220874889/
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