China will work with US to 'effectively implement agreement' after Xi-Trump talks

BEIJING: CHINA'S commerce ministry said on Thursday (October 30) that it was willing to work with the United States to “effectively implement the agreement, thereby injecting greater stability and certainty into China-U.S. economic and trade cooperation, and the global economy.”

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China and the US agreed to extend their trade truce for another year following talks between Trump and Xi.
Both sides will suspend export control measures, including those related to shipping and trade restrictions.
They reached consensus on key issues, such as fentanyl cooperation and expanding agricultural trade.

The comments by spokesperson He Yongqian came after an announcement by the ministry following U.S. President Donald Trump’s trade talk with Chinese President Xi Jinping earlier.

The announcement continued to say that China and the U.S. agreed to extend their temporary trade truce for another year as part of an agreement they reached after top economic officials met in Malaysia last week.

China will suspend related export control measures against the U.S. it announced on October 9 for one year, as well as its relevant measures against the U.S. regarding shipping once the United States' suspension begins, the ministry said.

Consensus was also reached between China and the U.S. on issues including fentanyl and the expansion of agricultural product trade, it said.