On October 11, 2019 (September 13, 2019 in the lunar calendar), US President Trump met with Liu He. The Sino-US trade negotiations have finally reached a dawn. On October 11, 2019 local time, U.S. President Trump met in the Oval Office of the White House with members of the Political Bureau of the CPC Central Committee, Vice Premier of the State Council, and Chinese leader of the China-US Comprehensive Economic Dialogue who were conducting a new round of high-level China-US economic and trade consultations in Washington. Liu He. Liu He first conveyed President Xi Jinping's message to President Trump. Xi Jinping pointed out in his message that recently, the Sino-US economic and trade consultation teams have maintained communication and released goodwill with each other, which has been welcomed by the people of the two countries and the international community. The economic and trade teams of the two countries have made progress in consultations on some agreements. The two sides should properly resolve each other's concerns and strive to make positive progress on issues in other fields. Maintaining the healthy and stable development of Sino-US relations is beneficial to both countries and the world. Both sides should adhere to the tone of coordination, cooperation and stability, manage differences on the basis of mutual respect, expand cooperation on the basis of mutual benefit, and push bilateral relations forward on the right track. Liu He said that during this round of consultations, the two sides had candid, efficient and constructive discussions on economic and trade issues of common concern, in areas such as agriculture, intellectual property protection, exchange rates, financial services, expansion of trade cooperation, technology transfer, and dispute resolution. Substantial progress was made and arrangements for follow-up consultations were discussed. Properly handling Sino-US economic and trade relations is beneficial to China, the United States, and world peace and prosperity. It is hoped that the two sides will move in opposite directions, properly resolve each other's concerns on the basis of equality and mutual respect in accordance with the principles and directions set by the two heads of state, and promote the healthy and stable development of bilateral economic and trade relations. Trump thanked President Xi Jinping for his message, once again congratulated the People's Republic of China on its 70th anniversary, and asked Liu He to convey his cordial greetings to President Xi Jinping. Trump said that relations between the United States and China are developing strongly. I respect China very much and President Xi Jinping very much. He is a great leader. I am very happy to see that the U.S. -China economic and trade consultations have achieved substantive first-stage results, which is a major benefit for both the United States, China and the world. It is hoped that the teams of both sides will work hard to determine the text of the first-phase agreement as soon as possible, and continue to advance follow-up consultations. The United States welcomes China students to study in the United States. The Sino-US trade negotiations have finally reached a dawn. The United States will cancel plans to impose new tariffs on China goods originally scheduled for October 15. China and the United States reportedly reached an agreement on agricultural product purchase worth up to US$40 billion to US$50 billion on Friday. Trump gave the signal on October 10 that the negotiations had reached a phased agreement. Trump tweeted: "Important day for negotiations with China. They want to make a deal, but what about me? I will meet with the Deputy Prime Minister at the White House tomorrow." Everyone knows that Trump is a businessman. The characteristic of a businessman is that he is only greedy, and he will not cast an eagle until he sees a rabbit. If the Sino-US negotiations do not go smoothly, he will not meet with our negotiators. Therefore, this is actually a good omen for the outcome of the negotiations. On October 11, Trump tweeted again to further elaborate on his optimism. He said: "In trade negotiations with China, good things are happening. The feeling is warmer than in the past, more like old times. Today I will meet with the Deputy Prime Minister. Everyone wants to see something big happen!" This graceful style of expression is quite different from Trump's inherent style, like a lover who has found the feeling of his first love. Unless the news is very exciting, it is hard to imagine Trump being so optimistic. Immediately afterwards, Trump added: "One of the great advantages of the agreement with China is that for various reasons, we do not have to go through a long and politically complex congressional approval process. When the deal is fully negotiated, I will sign the agreement on behalf of the country itself. Fast and clean!" The meaning of arrogance is very obvious. The biggest difference between the results of this negotiation and previous ones is that there are more specific agreements on the purchase of agricultural products. That is, a purchase agreement of up to US$40 billion to US$50 billion for agricultural products. There is no doubt that this is beneficial to American agricultural products. Next week, the prices of U.S. agricultural products such as corn, soybeans, and wheat, especially U.S. pork futures, will enter a rising mode. The suspension of the trade war between China and the United States to avoid the escalation and expansion of the confrontation is a major benefit to the global capital market, including of course China's stock market.