90-day trade truce is an opportunity not to be wasted

Editor's note: The fact that the leaders of China and the United States have agreed to suspend the imposition of new tariffs and continue bilateral negotiations on trade has reduced the pressure China faces in propelling its ongoing reform. Guancha.cn comments:

The agreement is good news as the exchange rate of the renminbi will stabilize and people will gain more confidence in the market.

Chinese private enterprises will be more confident too, because the tariffs that have already been imposed have created an additional burden on them. With the likelihood of additional tariffs being imposed, the outlook must have seemed bleak for many.