China-US trade truce dependent on US sincerity - China Daily

The official China Daily carried a story on Monday, citing the lasting improvements in the US-China trade relationship will depend on the US “sincerity”.

This comes after the US President Trump and his Chinese counterpart Xi reached a temporary trade ceasefire agreement at the G20 meeting over the weekend.

Key Quotes:

China Daily warned that while the new “consensus” was a welcome development and gave both sides “breathing space” to resolve their differences, there was no “magic wand” that would allow the grievances to disappear immediately.

“Given the complexity of interactions between the two economies, the rest of the world will still be holding its collective breath.”

Meanwhile, China’s state news agency Xinhua said on Sunday, the new consensus “demonstrates that as long as the two sides have sincerity, there is a way out.”