Truce extension offers hope for US-China deal, better prospects for global trade

US Trade Representative Robert Lighthizer (left) listens as Chinese Vice Premier Liu He talks while they line up for a group photo at the Diaoyutai State Guesthouse in Beijing on Feb 15, 2019.
US Trade Representative Robert Lighthizer (left) listens as Chinese Vice Premier Liu He talks while they line up for a group photo at the Diaoyutai State Guesthouse in Beijing on Feb 15, 2019.PHOTO: REUTERS

SHANGHAI - The extension of the US-China trade war truce beyond March 1 points to a higher chance of a deal between the world's two largest economies, which is good news for China as well as the global economy, analysts say.

Most observers have expected this outcome as it is in the interest of both countries to strike a deal to avert any further escalation in tensions.

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