KUALA LUMPUR, Oct. 26 (Xinhua) -- China and the United States reached basic consensuses on properly addressing several important economic and trade issues of respective concerns, and will then go through their respective domestic approval procedures, Li Chenggang, China international trade representative with the Ministry of Commerce and vice minister of commerce, said here on Sunday.

Li made the remarks when briefing the press following the new round of China-U.S. economic and trade talks held over the past two days.

Over the past month or so, China-U.S. economic and trade relations have experienced some turbulence and fluctuations, which have drawn attention from the world, Li said.

He said that since the China-U.S. economic and trade talks in Geneva this May, China has strictly followed the consensuses reached in multiple phone calls between the two heads of state, faithfully and earnestly implemented the outcomes of the economic and trade talks, and carefully safeguarded the hard-won, relatively stable China-U.S. economic and trade cooperation relationship.

Such turbulence and fluctuations are not what China wishes to see, Li noted.

Over the past two days, the economic and trade teams from China and the United States engaged in in-depth and candid discussion on issues including the U.S. Section 301 measures on China's maritime, logistics and shipbuilding sectors, extension of the suspension of reciprocal tariffs, fentanyl-related tariff and counternarcotics cooperation, expanding trade, and export controls, said Li.

The two sides conducted constructive discussions on solutions to properly address the concerns of both sides, and reached basic consensuses, he added.

The U.S. side expressed its position in a tough manner, and the Chinese side remained resolute in safeguarding its interests, Li said.

He noted that throughout the talks, the economic and trade teams of both countries maintained mutual respect and engaged in dialogue on an equal footing.

Going forward, the two sides will further enhance communication and exchanges, working actively to foster more stable and sound development of China-U.S. economic and trade relations, said Li.

Li also expressed his appreciation to the Malaysian government for its warm hospitality and thoughtful arrangements as the host. ■