China and U.S. very close to phase one trade deal -Global Times

China and the United States are very close to a phase one trade deal, the Global Times, a tabloid run by the ruling Communist Party's official People's Daily, said on Monday, discounting "negative" media reports.

China also remains committed to continuing talks for a phase two or even a phase three deal with the United States, the state-backed Global Times said, citing experts close to the Chinese government.

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