In the agreement announced by the U.S. Commerce Department, both sides also identified other issues that will require more effort to resolve and achieve progress on within the 100-day period.
The White House announced that it had agreed with China on increasing the access of American goods and services to the Chinese market, Interfax reports on Friday.
But Sun Lin, a 33-year-old chef at a high-end Beijing hotel, said he viewed the trade deal as merely a diplomatic gesture.
Ross said as per the agreement, China is to issue both bond underwriting and settlement licenses to two qualified U.S. financial institutions by July 16.
China has banned USA poultry imports since the United States suffered its worst-ever outbreak of avian flu in 2015. Previous administrations have hailed market-opening agreements only to be left disappointed.
"China and the USA should cooperate in bilateral economic areas, but also step up policy coordination in the economy in a wider range of the world".
"When the Chinese people taste our high-quality US beef, there's no doubt in my mind that they'll want more of it", Perdue said in a statement Friday.
The issue of reducing a trade imbalance with China was one of the main election promises of the US President Donald Trump. The U.S. last month ordered national-security probes on imports of Chinese steel and aluminum. The Energy Department has already authorized the shipment of 19.2 billion cubic feet per day of natural gas exports to China and other interested countries, the Commerce Department said. In addition to beef, China agreed to accelerate the process for approving US biotechnology products.
Windows 10 update aims to help identify best photos, videos
File Explorer is also getting new status icons to show whether your files are locally available files or online files. So far the Fluent Design System has focused a lot on animations, transparency and blur effects.
USA -owned suppliers of electronic payment services (EPS) will be able to apply for licensing in China under new guidelines.
Ross downplayed the impact, pointing to the decline in natural gas prices. China banned American imports in 2003 after an outbreak of mad-cow disease. Chinese agricultural exports to the USA totaled about $10 billion.
Li Suling, 55, who works for an airline in Beijing, said allowing American beef imports was "a good thing" because it's more tender than Chinese-raised beef and less of a safety issue.
The Trump administration announced yesterday that following one more round of technical consultations between the United States and China, China is to allow imports of US beef.
But the agreement also contains tangible gains that Mr Trump will be able to claim as wins, although close watchers of the US-China relationship pointed out that they were in many cases commitments Beijing had made before or agreed to with the Obama administration. The areas dealt with in the initial agreement represent export opportunities that American companies have long sought. The deficit with China represented about 60 percent of the country's total deficit a year ago of $500.6 billion.
"There are probably 500 items you could potentially discuss" in the wider one-year plan for bilateral trade, Ross added.
This announcement marks the very first tangible results from talks which began last month.