HONG KONG (Reuters) - China's Vice Premier Liu He said Beijing and Washington signing the Phase 1 deal has created a beneficial condition for future Sino-U.S. relations, state media Xinhua reported, citing comments made on Wednesday.

Economic and trade relations between China and the United States has always been the ballast and thruster for the billateral relationship, Xinhua's report said, citing Liu He's comments.

(Reporting by Twinnie Siu and Meg Shen; Editing by David Goodman)