The meeting between Chinese President Xi Jinping and his U.S. counterpart Donald Trump in Buenos Aires provides direction for China-U.S. relations in the time to come, according to experts.
Zhang Yuyan, Director of Institute of World Economics and Politics Chinese Academy of Social Sciences, has said this to Xinhuanet in an interview.
The important meeting between Xi and Trump happened in a critical time, Zhang added.
According to Zhang, Xi and Trump had an in-depth exchange of views through friendly and candid meeting, which sends a positive signal to the world that the two countries have good faith in solving problems and managing differences.
"It is very good news for export-oriented enterprises in China and U.S. as both parties agree not to impose new additional tariffs," Zhang said. It would ease uncertainty for world economic growth, bring benefits to both countries, and boost the confidence of global investors, added Zhang.
Based on reciprocity, mutual benefit and mutual respect, the win-win cooperation between China and U.S. could be achieved through communication and negotiation instead of confrontation, Zhang concluded.
Su Ge, Chairman of China National Committee for Pacific Economic Cooperation, echoed.
Su believed that the important consensus reached by Xi and Trump would offer direction for future China-U.S. relations.
Su told Xinhuanet that cooperation is the best option for both China and U.S., and both sides should jointly advance bilateral relations with coordination, cooperation and stability as the defining features.
"It is very natural for China and U.S. to have disputes in fields of economy and trade," Su said, adding "resolving all issues at one meeting may not be possible, it requires mutual efforts from both parties in the long run."
