Xi hails trade-deal cooperation
Liu Liu, a macroeconomics researcher at China International Capital Corp, a leading investment banking firm, said that because the pact was concluded, "trade between China and the US will pick up".
"In general, the easing of Sino-US trade frictions will reduce external uncertainties and benefit global trade and the world economy," Liu said.
Consumer demand is expected to improve at home and abroad this year, along with trade growth, while the exchange rate of the yuan will have more support from improving fundamentals, he said.
Between November and December, growth of China's imports from the US recovered to some extent. US shipments to China rose by 9.1 percent year-on-year to reach 78.83 billion yuan ($11.44 billion) in December.
Exports of US agricultural products to China reached 14.1 billion yuan last month, climbing 200 percent year-on-year. In the same month, China imported 23,000 automobiles from the US, up 150 percent from the same period a year earlier.
