China: First Agreement With The US Benefits The World | Donald Trump | Xi Jinping | Economy

Agencies

The first phase of the agreement between the US and China will benefit both parties and the entire world. This was stated by the Chinese president Xi Jinping, who maintains communication with his counterpart Donald Trump.

"In the context of an extremely complicated international environment, the agreement benefits China and the US, as well as the peace and prosperity of the entire world," said Xi Jinping.

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For his part, Trump said the phase one economic and commercial agreement has had a positive impact on various markets. Along these lines, the US president said he is willing to ma intain close communication with China and strive to achieve the signing and implementation of the agreement at a close date.

Along these lines, the Asian giant expects the US to seriously implement the important consensus reached by the two leaders in various meetings and telephone conversations, pay great attention and give great importance to China's concerns, and prevent bilateral relations and important agendas. are affected.

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Both presidents have expressed their desire to continue communicating in different ways, in order to exchange views on bilateral relations and jointly promote China-US relations on the basis of cooperation and stability.

World economy

– It should be remembered that tariff tensions between the two powers have been going on for more than a year, affecting the growth rate of the economy and global trade.

– The latest estimates suggest that the world economy will grow only 3% this year, its lowest rate after the 2018 crisis.

– While by 2020 growth is expected to rebound to 3.4%, guided by a better performance of emerging economies.

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