Chinese phrase
双方各退一步，怎么样？ shuāng fāng gè tuì yí bù zěn me yàng
Meaning
How about we both compromise?
When to use it
It suggests that both sides make a small compromise. It is a practical, polite way to seek agreement during a disagreement or negotiation.
Example dialogue
这个问题我们都得让步才能推进。 zhè ge wèn tí wǒ men dōu děi ràng bù cái néng tuī jìn
We both have to make concessions for this issue to move forward.
那就双方各退一步，怎么样？ nà jiù shuāng fāng gè tuì yí bù zěn me yàng
Then how about we both compromise?