China said on Saturday it had agreed with the United States on a $30 billion reciprocal tariff-reduction arrangement and on launching a dialogue on AI, under an eight-point consensus reached during President Xi Jinping's visit to Washington. The two sides have also agreed to set up a trade council and extend the outcomes of earlier talks in Kuala Lumpur, the Chinese Foreign Ministry said. The agreement follows an earlier move by the world's two largest economies to extend by two months a trade truce that had been due to expire on November 10, allowing more time to work on a potentially bigger trade deal, US Treasury Secretary Scott Bessent said on Wednesday. Read: US, China buy time with trade truce as pressure builds The three-day summit between Xi and President Donald Trump, which ended on Friday, showcased personal diplomacy rather than big public breakthroughs. Xi has since landed in Beijing, Chinese state news agency Xinhua reported on Saturday. On a...
Pakistan and China on Thursday held the fourth round of maritime dialogue to review the bilateral maritime cooperation. During the session, an in-depth exchange of views on the entire spectrum of bilateral maritime cooperation was held, including naval exchanges, regional cooperation, development of maritime infrastructure, collaboration in fisheries, science and technology, search and rescue missions, maritime disaster management and combating maritime pollution, according to a statement issued by the Foreign Office spokesperson. Director General (China) of Ministry of Foreign Affairs of Pakistan Mohammad Aamir Khan and Deputy Director General of Department of Boundary and Ocean Affairs of Chinese MFA Wang Jinfeng co-chaired the consultations. Jinfeng later called on Imran Ahmed Siddiqui, the additional secretary (Asia-Pacific) of the Ministry of Foreign Affairs. The two sides expressed satisfaction at time-tested Pakistan-China friendship and All-weather Strategic Cooperative Partner...