Beijing will start to quickly implement specific items where there's consensus with the U.S. and will push forward on trade negotiations within the 90-day "timetable and road map", the Ministry of Commerce said in a statement on Wednesday morning in China.
China has indicated that it is confident it can strike a lasting trade deal with the United States.
The two sides would also discuss intellectual property protection, technology cooperation, market access and fair trade, and "work hard to reach a consensus", Gao said.
He also said that Xi had promised him that the Chinese government would crack down harder on fentanyl shipments from China to the US, and tweeted a quote from a Bloomberg story which said that China was ready to restart imports of USA products, including soybeans and natural gas.
As part of the truce, Trump agreed to hold off on plans to raise the tariffs on $200 billion in Chinese imports to 25 percent beginning January 1, leaving them at the current 10 percent rate. China had been the largest purchaser of USA soybeans, buying $12.25 billion worth of that product in 2017.
The White House has said China agreed to purchase a "very substantial" amount of agricultural, energy, industrial and other products to reduce the trade gap.
The two sides will also negotiate "structural changes" to forced technology transfer, intellectual property protection, cyber intrusions and cyber theft, services and agriculture, according to the White House.
US President Donald Trump said China is sending "very strong signals" following weekend trade discussions in Argentina, as uncertainty remains over what commitments were made between the two nations. "It will now be considered a 'controlled substance,"' Trump said in another tweet Wednesday, subsequently adding that China would see "incredible" results if it imposed the death penalty on "distributors and pushers".
High Chinese retaliatory tariffs on US soybeans have caused the USA exports of soybeans to drop by as much as 97 percent.