The world’s two largest powers signalled at least 14 months of likely stability inUS-China relations following a pivotal summit between Chinese President Xi Jinping and US President Donald Trump – and hinted they would meet “regularly”, setting the stage for more encounters next year.

With a trade deal expected to be signed as soon as next week, Beijing and Washington reached a truce on thorny issues ranging fromsoybeans and rare earths to fentanyl during talks that highlighted the personal connection between the two leaders and struck a conciliatory tone for long-term ties.

Minutes after the high-stakes meeting inSouth Korea, Trump told reporters on Thursday that both sides had agreed that he would visit China in April and that Xi was also expected to visit Palm Beach or Washington “some time after that”.

Beijing’s official release later confirmed that Trump looked forward to visiting China “early next year” and that Xi had been invited to visit the US.

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“The two presidents agreed to maintain interactions on a regular basis,” said the Chinese statement issued by the state news agency Xinhua.