China trade talks start amid cooling economic growth

U.S.-China trade talks extended amid some signs of progressMore

U.S.-China trade talks extended amid some signs of progressMore

Another photo shows a wider view of dozens of officials from each country seated at three long tables facing each other and around the room's borders, significantly more people than those attending previous rounds of U.S.

The Wall Street Journal, citing sources briefed on the negotiations, reported the two nations made progress on trade issues related to China's purchases of US goods and services but said the "the two sides are far from striking a deal".

Gao did not comment, however, on whether he was confident that the talks could be wrapped up in the 90-day period laid out by President Donald Trump and China's Xi Jinping.

Since the Trump-Xi meeting in Argentina, China resumed purchases of USA soybeans.

The Wall Street Journal reported Tuesday the two sides were narrowing their differences, with Chinese officials offering greater purchases of USA goods and services and Cabinet-level follow-up meetings expected later this month.

Since the Trump-Xi meeting in Argentina, Beijing resumed purchases of US soybeans.

The United States has presented China with a long list of demands that would rewrite the terms of trade between the world's two largest economies. He added: "It's been a good one for us". Chinese officials say their companies are treated unfairly in national security reviews of proposed corporate acquisitions, though nearly all deals are approved unchanged.

Ministry spokesman Lu Kang said Monday that Chinese military aircraft and naval vessels were dispatched to identify the USA vessel and warn it to leave the area near disputed islands in the South China Sea.

Almost halfway into the 90-day truce, there have been few concrete details on any progress made.

How China will enforce those measures will be key to any deal.

For their part, Chinese officials are unhappy with USA curbs on exports of "dual use" technology with possible military applications.

"I don't think the USA will easily remove tariffs that have been imposed on Chinese goods".

Six months after Trump first slapped tariffs on Chinese goods, signs are growing that the trade war is exacting an economic and financial cost, increasing the incentive for both sides to end the conflict. Apple Inc rattled global markets last week when it cut its sales outlook, blaming weak demand in China, while Chinese exporters reported a thinning pipeline of orders from the United States.

Although the talks were held at a vice ministerial level, Chinese Vice Premier Liu He, who has led trade negotiations with the United States and is a top economic adviser to Xi, made an unexpected appearance at the meetings on Monday, according to a person familiar with the discussions. Investors are hopeful that more and higher-level negotiations will follow.

But much work remains before the two economic powers climb down.

Washington wants Beijing to change its plans to use government support to make Chinese companies world leaders in robotics and advanced technologies.

"We've been hearing reports that there's been a narrowing of a gap between the two sides, but a narrowing of a gap is not a bridging of a gap, and it's a pretty wide gap".

After extending to an unexpected third day, trade talks between USA and Chinese officials have concluded, a spokesman for the Chinese foreign ministry announced Wednesday morning.

China has also cut tariffs on imports of cars from the United States, dialled back on an industrial development plan known as "Made in China 2025", and told its state refiners to buy more USA oil.

China's foreign ministry on Monday confirmed that Wang would deliver a keynote speech at Davos, though didn't confirm any plans for him to meet Trump.

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