The US and China have reached a 10-point trade deal that opens the Chinese market to US credit rating agencies and credit card companies.
Under the deal, China will also lift its ban on US beef imports and accept US shipments of liquefied natural gas.
In return, Chinese cooked chicken will be allowed into the US market and Chinese banks can enter the US market.
According to BBC News, US Commerce Secretary Wilbur Ross said the deal should reduce China’s trade surplus with the US by the end of 2017.
The announcement marks the first tangible results of trade talks that began last month.