The Chinese newspaper praised the US-China phase one trade agreement but also warned that instability could happen in the future.

After nearly two years of trade war, Washington and Beijing on January 15 signed a first-phase trade agreement to "fix past mistakes" together. Under the agreement, China will increase its purchases of US agricultural and other exports for two years as well as ensure intellectual property for US technology.

The Global Times called the deal "difficult to achieve" and should be respected by both sides. China Daily said the deal was expected to ease tensions towards lasting peace.

People's Daily, the official mouthpiece of the Chinese Communist Party, said the agreement was a "new starting point" for Washington-Beijing relations, while Chinese television broadcaster CCTV called it an act "in the interest of common interests "of both the world's largest economies.

However, major Chinese newspapers also warn the authorities to prepare for future trade conflicts with the United States.

"Joy is quickly diminished by the suspicion that the deal may soon be abolished," China Daily wrote in an editorial today. The newspaper added that China should be "consciously aware" if the first phase deal collapses. The next phase is also broken and tension will return.

The Global Times expressed skepticism about the agreement when asking the question: "Is a preliminary trade agreement, reached during the period of US-China strategic relations clearly declining, really effective?" . The Global Times emphasizes "ambiguity is still very much".

The first US-China trade agreement is signed by President Trump and Deputy Prime Minister Liu He. Both parties agree that they can complain to each other if they feel that the other party does not comply with the agreement.

Under the agreement, China agreed to buy an additional US $ 200 billion in US goods over the next two years, including US $ 32 billion in agricultural and marine products, nearly US $ 78 billion in manufactured goods such as aircraft, machinery and steel, and 52 billion USD of energy products.

The US-China trade war has erupted since 2018 and is constantly escalating with "tit-for-tat" taxes, shaking financial markets and affecting the global economy. The conflict between the two countries was recently improved when the US Treasury Department removed the Chinese name from the currency manipulation list, in order to reduce tensions before signing the agreement.