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1/15, 7:00 PM (Source: TeleTrader)
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Xi: Trade deal implementation is essential

The implementation of the phase one trade deal between the United States and China is very important and both countries are planning on accommodating each other's concerns, Chinese President Xi Jinping said in a letter to hid US counterpart Donald Trump which was read out in Washington by Vice Premier Liu He.

In the letter, Xi noted that Washington and Beijing encountered setbacks in negotiations, but with "relentless efforts" on both sides, a deal based on reciprocity and mutual respect was made. Furthermore, he said that cooperation is the only right choice and that this deal is "good" for the US, China and the whole world, including producers, consumers and investors.

Xi noted that the trade deal will bring "stable economic growth" and "promote world peace."

Breaking the News / VP