We begin with the latest developments in the trade relationship between China and the US. Both countries have reached consensuses on economic and trade issues, namely to reduce the trade deficit as China looks to increase imports from the US. Natalie Pang breaks down the details of the deal.  

There will be no trade war, says Beijing and Washington. In a joint statement, both sides agreed no additional tariff would be imposed China also agreed to reduce trade deficit by increasing its US imports. The measures would be helpful for both economies, according to the statement. It said Chinese consumers will have more choices and the job opportunities in the US increase. Both sides agreed to meaningfully increase the sales of US agriculture and energy products.

These developments come just after the Chinese commerce ministry on Friday mentioned a halt in its anti-dumping and anti-subsidy investigations on sorghum from the US.

The ministry said the decision was a response to voices raised by China's pig raisers, as the investigation had increased farming costs.

One area highlighted in the statement was US energy imports, and more of that might help China avoid a heating crisis that hit some northern regions last winter.

The statement also said that the two sides highly valued intellectual property protection and agreed to promote cooperation in this area. China will look at the revision of related laws and regulations including the Patent Law.

Two-way investment was also encouraged, and both sides said they were committed to creating a fair, business environment.

The two nations agreed to maintain high-level contracts and actively seek to resolve their economic and trade concerns.

These hard-won results came after two days of talks in Washington between a Chinese delegation led by Vice Premier Liu He and US officials including Treasury Secretary Steven Mnuchin.