What exactly does China get out of phase one trade deal with the US?
Analysts say pact reduces tensions and offers greater stability in trade relations
Sign up now: Get insights on Asia's fast-moving developments
The two rivals reached a truce yesterday in their 18-month-long trade war that has rocked financial markets and put a dent in the global economy.
PHOTO: AFP
Tan Dawn Wei China Bureau Chief In Beijing, Tan Dawn Wei
On the surface, the freshly inked US-China trade deal may look like China has conceded a lot - what with its hefty commitment to purchase billions of dollars worth of American products and enforceable pledges to play fair.
In exchange, it got the Americans to roll back just a fraction of the punitive tariffs that the superpower rained on Chinese exporters, even though Beijing has repeatedly called for the complete removal of duties.
