Path forward

The signing of the deal is a positive first step for resolving the economic and trade issues between the world's top two economies, and the priority now is to implement the deal, and get off to a good start for China-U.S. economic and trade ties.

In the next step, the two sides need to implement the agreement in real earnest and optimize its positive impact, so as to make even greater progress in China-U.S. trade and economic cooperation, Xi said in his message to Trump.

Speaking at the signing ceremony, Liu expressed the hope that both sides will work together under the principle of equality and mutual respect, strictly honor the agreement, accommodate each other's core concerns, and ensure a good implementation of the phase-one trade agreement.

"It is the pressing need and will also play an important role in the growth of bilateral economic and trade relations in the future," he said.

Robert Kuhn, chairman of the Kuhn Foundation and a leading U.S. expert on China, told Xinhua on Wednesday that the deal is a "milestone" in international trade and China-U.S. relations.

The phase-one deal "does not solve all problems forever, but by providing stability for China-U.S. economic relations, it does give the entire world greater economic confidence and increases opportunities for global prosperity," he said.

"I am confident that both sides will adhere to the deal," Kuhn said.

President Xi has said that there are a thousand reasons to make the China-U.S. relationship work, and no reason to break it, Liu noted at the press briefing.

The two countries have a lot of shared interests, and can certainly find a way to manage their differences and engage in win-win cooperation, Liu said.

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