BEIJING, Feb. 15 -- China and the United States have just concluded a new round of high-level trade talk in Beijing.

A string of positive signals released from the meeting have shown that on the basis of equality, the two countries are moving towards a final deal, led by the consensus reached by top leaders of the two countries.

When meeting with U.S. negotiation delegates on Friday, Chinese President Xi Jinping said China stands ready to resolve trade disputes through cooperation and reach a deal that can be accepted by both sides.

It is President Xi's first meeting with the U.S. trade delegates since the frictions have escalated. Therefore, it is never too important to be serious about this round of high-level talk.

In the past few days, negotiation teams were working overtime to deepen mutual understanding on issues of common concern, including technology transfer, protection of intellectual property rights, non-tariff barriers and balanced trade.

The two sides have reached a consensus in principle on major issues. They also had specific discussions about a memorandum of understanding on bilateral economic and trade issues.

It is safe to say agreements are increasing while disagreements are dwindling. Cautious optimism is brewing for both to reach a mutually beneficial deal in the shortest time possible.

Consensus reached by top leaders of the two countries lay the foundation for China and the United States to sort out the frictions.

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