Vice-Premier Liu He (left) said the phase one deal he signed with US President Donald Trump will allow China to carry out domestic economic reform. Photo: DPA

China phase one deal with US will allow chance for domestic reform, despite short-term sting

China’s long-awaited phase one trade deal with the United States could hurt certain domestic industries and harm economic growth in the short term
But Vice-Premier Liu He says it offers China a chance to push ahead with necessary reforms

Topic | US-China trade war

Sidney Leng

Published: 7:44pm, 16 Jan, 2020

Updated: 7:46pm, 16 Jan, 2020

Vice-Premier Liu He (left) said the phase one deal he signed with US President Donald Trump will allow China to carry out domestic economic reform. Photo: DPA

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Sidney Leng

Sidney Leng joined the Post in 2015 after spending a year and a half working for US media, including National Public Radio and Foreign Policy Magazine. He has been covering China's macroeconomic policies and financial regulations since 2016.