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Phase-one trade deal benefits both China, US: MOC

Economy

The China-U.S. phase-one economic and trade agreement is beneficial to China, the United States and the whole world, the Ministry of Commerce (MOC) said Thursday.

XinhuaUpdated: May 28, 2021

The China-U.S. phase-one economic and trade agreement is beneficial to China, the United States and the whole world, the Ministry of Commerce (MOC) said Thursday.

MOC spokesperson Gao Feng made the remarks at a press conference when asked to comment on the implementation of the trade deal.

The two sides should work together to create the atmosphere and conditions to advance the implementation of the phase-one economic and trade agreement, Gao said.