China to send delegation for U.S. talks to avert trade war

A Chinese delegation led by Vice Commerce Minister Wang Shouwen will meet with an American group led by David Malpass later this month

A Chinese delegation led by Vice Commerce Minister Wang Shouwen will meet with an American group led by David Malpass later this month

"The Chinese side reiterates that it opposes unilateralism and trade protectionism practices and does not accept any unilateral trade restriction measures", the ministry said.

Invited by the U.S., the delegation, headed by Commerce Vice Minister Wang Shouwen, will meet with a team of negotiators led by David Malpass, undersecretary for global affairs of the U.S. Treasury Department, the Ministry of Commerce said in a statement (link in Chinese).

Trade talks will be held late August.

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This month's meeting would be the first between senior US and Chinese officials since June 3 talks in Beijing between Commerce Secretary Wilbur Ross and Vice Premier Liu He ended with no settlement.

Reuters reported Thursday that representatives from the Treasury Department will meet with China's Vice Minister of Commerce Wang Shouwen and other officials in Washington, D.C.

The world's two largest economies have been locked in escalating rounds of tit-for-tat tariffs since the start of the year and have threatened further duties on exports worth hundreds of billions of dollars. Donald Trump's administration is threatening further tariffs on $200bn of Chinese goods, in a bid to pressure USA companies to bring production back to the US.

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Amid a stalemate in the trade war with the US, China will send a top official to Washington this month to resume the high-level dialogue to resolve the deadlock over President Donald Trump's demand to drastically reduce the $375 billion trade deficit.

News of the upcoming talks helped Chinese stocks stem losses.

The meeting would end what had been a lull in talks between the two sides, but it is unclear whether it will take place before or after August 23, when Washington is due to activate additional tariffs on $16 billion of Chinese goods. Soybeans and other grains from the United States were hit with extra import tariffs last month, bringing trade nearly to a halt, as part of the tit-for-tat dispute between the world's two largest economies.

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