Chinese Vice-Premier He Lifeng, a key member of the Political Bureau of the Communist Party of China Central Committee, concluded the fifth round of China-US trade talks in Kuala Lumpur on October 26, 2025, by emphasizing the importance of mutual trust, managing differences, and expanding mutually beneficial cooperation. The two-day discussions, attended by US Treasury Secretary Scott Bessent, aimed to elevate bilateral economic and trade relations to new heights. He Lifeng highlighted that the essence of China-US economic and trade relations lies in mutual benefit and win-win cooperation, stressing that confrontation harms both nations. He urged both sides to safeguard the ‘hard-won outcomes’ achieved through months of consultations, noting that stable development of these relations serves the fundamental interests of both countries and aligns with international expectations. Key issues discussed included the US Section 301 probe into Chinese shipping and shipbuilding industries, the extension of the tariff truce set to expire on November 10, fentanyl-related tariffs, counternarcotics law enforcement cooperation, agricultural trade, and export controls. The talks were described as ‘candid, in-depth, and constructive,’ with both sides reaching a basic consensus on addressing each other’s concerns and agreeing to finalize specific details and complete domestic approval procedures.