US President Trump signed a trade agreement with China that is expected to boost exports from US farmers and manufacturers and is aimed at lowering tensions in a long-running dispute between the economic powers.
The first minister-level meetings in more than two months between the world's two biggest economies are set to begin on Thursday.
China’s Commerce Ministry expects a favourable outcome from the next round of face-to-face trade talks with the US scheduled in September, as tensions between the world's two largest economies grow.
Xi told Russian journalists Chinese consumer demand is driving growth despite the trade war with the United States.
China's foreign ministry had earlier said the country will never surrender to external pressure after Washington renewed threat to impose tariffs on all Chinese imports in an escalating trade dispute.
China's Vice Premier Liu He said “negotiations have not broken down,” but the country strongly opposes the latest US tariff hike on Chinese goods.
Stocks fell a day after Washington accused Beijing of backtracking on key commitments, marking a reverse in hopes which saw markets rally to new highs in recent days.
China says its top trade negotiator and vice premier Liu He will visit Washington for a new round of talks this week despite a US pledge to go ahead with a tariff hike on Chinese goods.
The USPresident Donald Trump announced increasing of tariffs on $200 billion of Chinese goods ahead of scheduled talks with China, causing the Asian markets to tumble in early trade on Monday.
As Beijing and Washington head for another - and probably final - round of trade talks, here’s a recap of what has already happened.
Top officials from the world's two biggest economies held two days of talks, hoping to at least create sufficient goodwill to stave off an escalation of their tariff war. The talks ended without any signs of specific progress.
A second round of talks between senior Trump administration officials and their Chinese counterparts started at the US Treasury on Thursday, focused on cutting China's US trade surplus and improving intellectual property protections.
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