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2019.10.16 21:59 GMT+8

Experts discuss China-U.S. relations after the latest round of trade talks

Updated 2019.10.16 21:59 GMT+8
Lu Sirui

Wednesday marks the ninth China-U.S. Civil Peace Forum in Beijing. Industry insiders exchanged views over China-U.S. relations at the meeting.

With the latest China-U.S trade talks wrapping up with a phase one agreement, business people from both countries are taking a break, hoping the agreement will pave the way to constructive future discussions.

Read more: China, U.S. achieve substantial progress in new round of trade talks in Washington

They say the two countries should exercise proper management and control over their differences.

"Countries develop their own models according to their own circumstances. The world never agrees unanimously, yet it has never stopped developing. Respecting different values is key to human progress. We should not only realize the weaknesses of our own system, but also see the superior value in other systems," said Chen Hongbo, Executive Vice President of Tus-Holdings Co., Ltd.

The 9th China-U.S. Civil Peace Forum. /CGTN Photo

Experts also hope that the two countries will not only address short term trade deficit issues by purchasing but working on the structural issues in both China and the U.S.

"The second is a framework for implementation of whatever is agreed upon that both countries in earnest believe that the implementation framework is something that sustainable. It's not just … quickly developing a trade deal, but some sustainable framework we can work overtime," said Alan Beebe, President of the American Chamber of Commerce in China.

They also say that despite ups and downs, four decades of China-U.S. relations have witnessed tremendous achievements.

They hope these recent disagreements and disputes can be resolved properly based on rational attitudes and the right understanding.

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