0513N US beef imports

A beef processing plant in the U.S. state of Nebraska

In sharp reversal, Sino-American trade relations improve

Both gain via concessions on beef imports, Belt and Road Initiative

WASHINGTON/BEIJING -- It was only months ago that the world's two-largest economies seemed headed toward an open trade war. Now China has agreed to import American beef and financial services in exchange for Washington's assistance on building an economic zone stretching to Europe and Africa.

'More than in all history'

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