Sino-US trade, while extremely important to both countries, has been "fraught with allegations and distrust, but also filled with expectations and support" says He Yafei, co-chairman of CCG and former vice-minister of foreign affairs. He describes this trade deal as a very positive first step which has led to a noticeable improvement in Sino-US relations.

"The relationship between Xi Jinping and Donald Trump promises to smooth over some of the rough patches of the past and hopefully, deal by deal, negotiation by negotiation, bring Sino-US trade into some type of balance that both sides can find acceptable," he said.