China is "willing to work together with the US to address each other's core concerns on the basis of equality and mutual respect," Liu said, according to a report on Taoran notes, a social media account run by the official Economic Daily.
The deal announced by Trump offered a temporary reprieve from tariffs planned for mid-october. It did not however roll back any of the stinging import duties already imposed up to now on hundreds of billions of dollars in trade between the economic powers. Neither did it address another round of import taxes planned for December.
"Stopping the escalation of the trade war benefits China, the US and the whole world. It's what producers and consumers alike are hoping for," Liu said.
Trump last week said he hopes to sign the agreement with his Chinese counterpart President Xi Jinping at the APEC summit in Chile next month.