Beijing should not harbour any illusions after early win, with sticking points and structural issues still to deal with.

Policy analyst Tanvi Ratna sees more to the recent trade talks with China than tariff cuts. There's a real chance to recalibrate both countries' economies.

The new U.S. ambassador to China, former senator and business executive David Perdue, arrived in Beijing on Thursday as China and the U.S. reached a temporary break in the damaging tariff war.