Xi: China and US agree to start a new round of trade talks

• The US and China should increase cooperation and trade
• The US and China should reduce misunderstandings
• Told Trump that China is implementing the Geneva agreement
• Trump is welcome to visit China again
• It’s important to dispel disruptions to China-US relations
• China and US agree to start a new round of trade talks
• Consensus has been reached, both sides should abide by it
• Both sides should make good use of established economic and trade consultation
• Both sides should respect each other’s concerns, hold equal attitude
• Two sides should strive for a win-win outcome
• US should avoid a very small number of ‘Taiwan independence separatists’ dragging China and US into a dangerous situation

This is a good sign and we’re seeing some upticks in stocks. Again, this was somewhat frontrun but there is the basis for progress here.

The ‘Trump is welcome to visit China’ is another way of saying that Xi isn’t going to the US. A few months ago there had been talk they might plan a visit in June around their birthdays on June 14-15 but that fell off the radar awhile back.

This article was written by Adam Button at www.forexlive.com.