The Zhitong Finance App learned that on November 12, the Ministry of Commerce held a regular press conference. At the meeting, it was mentioned that China and the US have already held eight rounds of economic and trade negotiations, and the two sides are maintaining close communication on the “30 billion to 30 billion” equal tax reduction framework and trade and investment concerns; on the CIIE side, the 9th CIIE had many highlights, the corporate exhibition area exceeded 370,000 square meters, and preparations for the 10th edition have already begun; in terms of the China-Europe Economic and Trade Fair Trade Fair, the China-Europe Medical Devices Special Matchmaking Conference has reached more than 100 cooperation intentions; in response to some countries calling for the politicization of 5G technology issues, China has expressed serious concerns and resolutely opposed the fair provision of general security issues. Non-discrimination in business environment.
The transcript is as follows:
[He Yadong]: Dear reporters and friends:
Good afternoon everyone. Welcome to the Ministry of Commerce's regular press conference. I have no information I need to share with you today. Next, I would like to answer the questions raised by my journalist friends.
Please ask questions below.
[Daily Economic News Reporter]: The 9th CIIE came to an end in Shanghai. What are the new highlights of this year's CIIE compared to previous ones?
[He Yadong]: The CIIE is the epitome of China's continued expansion of a high level of openness. This year's CIIE released an opening dividend. The “nine” experience is quite fresh, and there are many highlights. The corporate exhibition area exceeded 370,000 square meters, creating a global national brand display area for the first time, and selected about 100 “time-honored” brands from guest countries and theme countries, 30 of which were “century-old brands”. The national exhibition “Circle of Friends” was further expanded, open cooperation showed strong “magnetic attraction”, and 69 countries and international organizations showed a comprehensive image. The Hongqiao Forum first launched the “Double Flagship” report, which has become an important window for observing China's openness and insight into the global economy.
The Expo became a micro-footnote to “China's Opportunity,” which strongly conveyed China's firm determination to share development opportunities with the world. At present, preparations for the 10th CIIE have begun. Journalists and friends are welcome to continue to follow the report. Thank you.
[Xinhua News Agency, Xinhua Finance Reporter]: We noticed that on November 5, during the 9th CIIE, the Ministry of Commerce held a special trade matchmaking event for medical devices between China and Europe. The participating companies responded positively. Can you tell us about the relevant situation?
[He Yadong]: The holding of a special trade matchmaking event on medical devices between China and Europe during the Expo was an important outcome of the second regular meeting of the China-Europe Trade and Investment Consultation Mechanism. The Ministry of Commerce, together with departments such as the Ministry of Finance and the National Health Commission, organized more than 160 domestic medical institutions and enterprises to participate in market-based procurement. The European side organized more than 40 medical device companies to attend the conference and reached more than 100 cooperation intentions, benefiting EU member states such as Germany, Ireland, the Netherlands, and Sweden. Overall, the matchmaking event has strongly boosted the medical device trade between China and Europe, and is a vivid example of promoting the upward balance and development of Sino-European trade. China is ready to continue to explore the potential for cooperation and create new opportunities with the European side under the Sino-European trade and investment consultation mechanism. Thank you.
[Shenzhen TV Reporter]: According to media reports, recently, the German government is revising relevant regulations to list 5G base stations as key network components to provide a basis for banning Chinese companies' devices, and claims that 6G networks do not allow the use of Chinese components. The Portuguese government has re-examined the 5G ban in accordance with newly promulgated cybersecurity regulations, and has still identified Huawei as a “high-risk supplier.” What comments does the Ministry of Commerce have on this?
[He Yadong]: We have taken note of the relevant reports and have expressed serious concerns to the relevant governments. China has always believed that 5G is an important infrastructure for the global digital economy, and that its construction and operation should respect market laws, technological neutrality, and international rules.
China resolutely opposes the politicization and generalization of technical issues. We hope that the countries concerned will promptly correct their erroneous practices and provide a fair, just and non-discriminatory business environment for Chinese enterprises. Thank you.
[Phoenix TV Reporter]: Vice Premier He Lifeng had a video call with US Treasury Secretary Vincent and Trade Representative Greer on November 6. As the APEC summit in Shenzhen is about to be held next week, how does the Ministry of Commerce evaluate the current differences in Sino-US economic and trade relations and the progress of cooperation?
[He Yadong]: Since May 2025, China and the US have held eight rounds of economic and trade negotiations, and China has fully implemented the consensus reached in the early negotiations. What I want to emphasize is that the essence of Sino-US economic and trade relations is mutually beneficial and win-win, and cooperation is the only correct path. China is ready to continue to strengthen cooperation with the US under the economic and trade consultation mechanism, properly manage differences, and promote the continued stable and positive development of Sino-US economic and trade relations. Thank you.
[South China Morning Post Reporter]: Last week, the Ministry of Commerce said that the premise for China to purchase more US agricultural products is to implement the Trade Council's reciprocal tax cuts. What are the main obstacles to implementing tax cuts now? Will progress be made during the Apec summit? Will the Investment Council be the focus of the next trade negotiations?
[He Yadong]: The “30 billion to 30 billion” equal tax reduction framework arrangement is conducive to stabilizing and expanding bilateral trade between China and the US. Both the Chinese and US business communities have high expectations for this. Currently, China and the US maintain close communication on the implementation of this arrangement. We hope that the US side and China will work together to push for the implementation and results of this arrangement as soon as possible, and create more favorable conditions for agricultural trade between the two countries.
Regarding economic and trade negotiations, China and the US are maintaining close communication on their respective concerns in the fields of trade, investment, etc., and we will announce relevant developments in due course. Thank you.
This article was selected from the “Ministry of Commerce” official website, Zhitong Finance Editor: Chen Siyu.