Chinese President Xi Jinping and U.S. President Donald Trump met in Beijing last week and agreed to build a constructive, strategically stable bilateral relationship. The summit is expected to guide ties between the world's two largest economies for the next three years and beyond.
During the meeting, the two leaders held in-depth discussions on economic and trade issues. They achieved positive outcomes, including plans to establish trade and investment councils.
China's Ministry of Commerce said recent consultations produced concrete results. Hong Kong Chief Executive John Lee Ka-chiu noted that the consensus injects more certainty and stability into China-U.S. economic ties and the global economy.
Observers said the summit could help stabilize global supply chains. Xi is expected to make a state visit to the United States this autumn.
