(Yicai Global) Dec. 25 -- Chinese Foreign Ministry said on Wednesday China is in close touch with the United States on the signing of phase one economic and trade deal.

Economic and trade teams of the two sides are keeping in close touch on specific arrangements for the signing of the phase one trade deal, Foreign ministry spokesman Geng Shuang said at a regular briefing.

Geng's comments came after US President Donald Trump said on Tuesday that he and Chinese President Xi Jinping will have a ceremony to sign the phase one trade deal.

Last week, Xi held a phone conversation with Trump, noting that the trade deal benefits both sides and the whole world.