China, US ink initial accord to ease trade

The signing of the phase-one deal will be beneficial to both countries and help bolster the global economy, analysts said. They also urged that concerted efforts be made to resolve potential uncertainties in the future.

Wei Jianguo, vice-president of the China Center for International Economic Exchanges in Beijing, said, "The conclusion of the pact benefits consumers and companies in both China and the US, and it will help restore confidence in the foundering world economy."

The deal proves that the two economies complement each other and that cooperation is the best choice for them, he said.

Looking ahead, it may be inevitable that China and the US will "step on each other's feet", but the conclusion of the phase-one deal will lead to dialogue in more fields and at deeper levels, Wei said.