02:58
China's Xinhua news agency has published an article commenting on the China-US trade talks. It says due to the differences on both sides in areas such as economic structure and cultural cognition, the settlement of the trade disputes would be hard, and requires a long-term commitment. The piece says results of the latest talks are a good beginning given earlier frictions. Xinhua says with the principle of mutual respect and mutual benefits, China and the US can overcome every hurdle together.
We're now joined by our reporter Grace Shao in Beijing.
China-US trade tensions seem to have eased. Chinese Vice Premier Liu He says the outcome of the talks is a win-win situation. Would you tell us more about bilateral trade relations between the two sides?
What have been the reactions from Chinese officials and business representatives?
CUE IN "CGTN has come across many Chinese economists and businessmen at the forum. Most of them believe both sides have made the right choice but have to be cautious."
LONG YONGTU, CHAIRMAN CENTER FOR CHINA & GLOBALIZATION "Public opinion needs to be shifted. We should not equate imports with concessions. Nor should we equate exports with advantages. It's not that simple."
WANG SHI, FOUNDER VANKE GROUP "We are proud of what we achieved in the past. But we should be cautiously optimistic towards the future. Being cautious is to be careful about likely problems and challenges ahead of us. But there's no reason not to be optimistic about the coming decades."