The US and China will hold a signing ceremony on the phase 1 trade deal on the first week of January by both country representatives.

US President Donald Trump said he will sign a Phase one trade deal with Chinese President Xi Jinping next month.

Trade tension between the U.S. and China spark concern on the U.S companies, with nearly half of the Fortune 500 companies.

China ordered the companies to remove all of the US multinational technology and software from the government offices and public institution within 3 years.