The Phase One Agreement between China and the U.S. on their trade dispute was signed in Washington, D.C. on 15th January, sealing a temporary truce in their trade war, which had already lasted almost two years. This is a most welcome development, not only for China and the U.S., but also for the rest of the world. It is expected to usher in a period of relative calm and stability as well as reduced uncertainty and unpredictability, which should in turn increase both investment and consumption globally, and result in higher rates of economic growth.

The phase one deal has put the brakes on souring relations, but it may not reflect any clear winner. One benefit, however, is the easing of uncertainty.

Low interest rates – both nominal and real – have been a persistent feature of advanced economies since the 1980s. How long, many now wonder, can the trend last?

After 2 years of tit-for-tat, the United States and China inked a Phase One trade deal.

A resilient China has held up well against external stresses, and the economy continues to perform well. Rural and surburban areas have the greatest potential for economic growth.

Thorny, fundamental issues have been left to the next round, and nobody can predict how further talks will develop. Meanwhile, the U.S. presidential election season is heating up, and the world should be prepared for the worst.

When it comes to the way many in the U.S. view China, perception is far from reality. Irresponsible analysis can only mislead policymakers and harm bilateral trade relations.

At the start of a new decade, it’s useful to review the state of the world and the forces that will shape the future. Though success won’t come easily, China is set to emerge as one of the greatest forces for good in history.

Experts at a recent Global Times forum shared diverse views and framed China-U.S. issues in different ways. But the wisdom of Henry Kissinger continued to resonate and point the way forward.

Beijing and Washington are expected to sign the limited Phase One trade deal on January 15.