unprecedented trade war: The US didn’t easily stop and China was not that fragile to be defeated. How
ever, it has proven no empty talk that in a long-term trade war, both sides would eventually lose.
President Xi and President Trump reached consensus on December 1 and put the two countries back onto the win-win track. Th
e consensus has responded to the situation, conformed with people’s wishes and reversed the pessimism of the market.
Starting December 2018, rounds of consultations resolved a large n
umber of divergences. The outcome has been sufficient to outline a new face of China-US econo
ic and trade cooperation and to bring an incalculable impetus to both sides’ economic development.
In the final phase of the talks, both sides must keep calm, treasure the already-made ach
ievements and promote smoother and fairer China-US trade cooperation.
US demand for China’s structural reform must stay in line with China-US trade coo
peration and coordinate with China’s reform and opening-up. The talks must not tr
y to force Beijing to change its economic governance or even its development path.
The final deal should attend to the interests of nongovernmental organizations that ultimately carry out economic and trade cooperation.
China and the US must sign an agreement that will inspire their peo
ple, heralding accelerated economic development. Only such deals can withstand the test of history.