Sino-US deal eases access to markets

China and the United States have reached a new deal that will ease market access in the areas of agriculture, financial services and energy, marking both sides' willingness to advance the trade relationship and alleviating fears of a trade war between the world's two largest economies.

The 10-part deal was hailed as an "early harvest" from the 100-day action plan that Chinese President Xi Jinping and US President Donald Trump agreed to pursue at their Mar-a-Lago meeting in the United States in April.

Under the agreement released on Friday, China agreed to resume imports of US beef by July 16. In return, the US agreed to open its market to Chinese cooked poultry.