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NOTHING IS PERMANENT EXCEPT CHANGE

The American business community generally welcomed the latest round of US-China trade talks but it highlighted the absence of agreement over a concrete way of ensuring that Beijing delivers on its promises, a much tougher challenge for the future.

Implementation of any deal must be "subject to ongoing verification and effective enforcement", a point raised by the US delegation during the talks, said the Office of the US Trade Representative (USTR) in a statement on Wednesday (Jan 9).

Beijing's statement on the talks, however, made no mention of such a mechanism.

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