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China-U.S. phase-one trade deal has bearing on world peace, prosperity, says vice premier He


Washington, Jan 16 (GCCurrentAffairs) Chinese Vice Premier Liu He said here on Wednesday that the phase-one economic and trade agreement between China and the United States is much more than just an economic deal and that it would have an impact on world peace.

He was speaking to the press after the signing of the phase-one trade deal at the White House on Wednesday. Mr He sounded confident that China’s Gross Domestic Product(GDP) would be over 6 percent for the financial year 2019-20 and claimed that the January data indicates a better-than-expected economic outlook.

He expressed his belief that the deal has injected positive energy into the stability and development of the world economy and reassured the Americans that China would deepen reforms to further open up its economy to the outside world.

President Trump also sounded very satisfied about the deal calling it an agreement which was being pursued for the last 40 years and which would benefit and unify both countries.

Via UNI-India

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