Consensus good for the world, analysts say

The consensus reached between China and the United States to take measures to ease bilateral trade tensions is being hailed in the international community as beneficial to the global economy, experts said.

President Xi Jinping and his US counterpart, Donald Trump, agreed on Saturday in Buenos Aires, Argentina, during their meeting on the sidelines of the just-concluded G20 Leaders' Summit to take measures to ease bilateral trade tensions and maintain close communication.

Jon Taylor, professor of political science of the University of St. Thomas in Houston, said the meeting was key to restoring respect in the China-US relationship, which many believe is the most consequential bilateral one in the world today.