Xi hails trade-deal cooperation

By ZHAO HUANXIN in Washington | chinadaily.com.cn | Updated: 2020-01-16 12:30
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US President Donald Trump and Chinese Vice Premier Liu He, who is also a member of the Political Bureau of the Communist Party of China Central Committee and chief of the Chinese side of the China-US comprehensive economic dialogue, shake hands after signing the China-US phase-one economic and trade agreement during a ceremony at the East Room of the White House in Washington D.C., the United States, Jan 15, 2020. [Photo/Xinhua]

Bi Jiyao, deputy director of the Academy of Macroeconomic Research of the National Development and Reform Commission, said potential challenges persist this year, and coping with them will require more effort.

Also, protectionism may reignite, which, together with pending reforms of the World Trade Organization, will make it difficult for companies worldwide to make long-term investments, Bi said.

On Tuesday, before the signing of the deal, Vice-Premier Liu He said that Beijing and Washington will work together to obtain tangible results going forward, according to Xinhua.

Liu told International Monetary Fund President Kristalina Georgieva and some US representatives during a meeting in Washington that the deal would benefit both countries and the world.

Liu also said China and the US can work together in a win-win relationship despite differences in their political and economic models.

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