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The official China Daily  carried a story on Monday, citing the lasting improvements in the US-China trade relationship will depend on the US “sincerity”.

This comes after the US President Trump and his Chinese counterpart Xi reached a temporary trade ceasefire agreement at the G20 meeting over the weekend.

Key Quotes:

China Daily warned that while the new “consensus” was a welcome development and gave both sides “breathing space” to resolve their differences, there was no “magic wand” that would allow the grievances to disappear immediately.

“Given the complexity of interactions between the two economies, the rest of the world will still be holding its collective breath.”

Meanwhile, China’s state news agency Xinhua said on Sunday, the new consensus “demonstrates that as long as the two sides have sincerity, there is a way out.”