China and the United States have reached a basic consensus in Madrid, Spain, on resolving issues related to TikTok, reducing investment barriers, and fostering economic cooperation. However, Beijing has underscored it will not compromise its core principles or the interests of Chinese companies.

• Two days of talks were held between top negotiators from Beijing and Washington.
• Key negotiators were Chinese Vice-Premier He Lifeng and US Treasury Secretary Scott Bessent.
• China’s international trade representative with the Ministry of Commerce, Li Chenggang, stated that China will "“under no circumstances seek any agreement at the expense of its principled stance, the interests of its enterprises, or international fairness and justice”.