A rare meeting between leaders Donald Trump and Xi Jinping has succeeded in temporarily stabilising US-China relations, analysts said on Thursday, with the talks drawing cautious optimism on the streets of Beijing.

A beaming Trump hailed the talks as a "great success", while Xi said China had reached a "consensus" with the United States on trade and economic issues.

Beijing and Washington have been locked in a blistering trade war, encompassing everything from rare earths to soybeans and port fees, which has rocked markets for months.

"Although there hasn't been a complete agreement, at least in the short term, there's been a suspension of tariff increases," 35-year-old media worker Yan told AFP outside a shopping mall in China's capital.

Dylan Loh from Singapore's Nanyang Technologica

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