China and the U.S. have reached a.......>

CHINA PRESS: China and the U.S. have reached a consensus while not compromising

on China's bottom line in the trade talks, according to a social media account

managed by the official Communist Party newspaper People's Daily on Monday,

which cited Mei Xinyu, a researcher at an academy under China's Ministry of

Commerce. 

  - China will not be reducing its exports, though China promised it would

increase imports from the U.S.; 

  - The deal does not require China to reduce trade surplus with the U.S. by

USD200 billion, which the U.S. had demanded in the first trade negotiation;

  - The deal defends China's right to upgrade industries and seek further

development. 

***Comment: Mei had previously told MNI that China would not agree with the

U.S.'s demand for trade surplus reduction. As the world's two largest economies

have announced the end of the possibility of a trade war, concerns about risks

in the market have fallen, but analysts say China may face more pressure in

reaching its GDP target this year.