China's Xinhua focuses more on progress, less on a pending U.S. trade deal

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China's Xinhua focuses more on progress, less on a pending U.S. trade deal
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U.S. officials on Friday promised a 'Phase 1' deal with China on a hos...

WASHINGTON - U.S. officials on Friday promised a “Phase 1” deal with China on a host of conflicts from intellectual property to currency was imminent, but China’s official state-owned news organization Xinhua struck a more cautious tone.

“It’ll take probably three weeks, four weeks or five weeks,” he said, noting that both governments would be in Chile together for an upcoming summit. “The two parties had an honest, highly efficient, and constructive discussion in economic and trade issues, under the important guidance from the presidents of both countries,” it said.

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