Containers at the Qingdao Port Foreign Trade Container Terminal, in Qingdao, in China's eastern Shandong province, on Monday. AFP
Senior Chinese and US trade officials spoke by telephone on Monday ahead of talks between Chinese President Xi Jinping and US President Donald Trump set for later this week, as the world’s two largest economies remain locked in a tariff war.
Trump and Xi are expected to meet on the second day of the Friday-Saturday Group of 20 summit in Japan, the first face-to-face meeting for the leaders since trade talks broke off in May.
Chinese Vice Premier Liu He held a phone conversation with US Trade Representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin, China’s Ministry of Commerce said in a statement posted to its website on Tuesday morning.
During the call the Chinese and US officials exchanged opinions on trade in accordance with the instructions of the two countries’ heads of state, and agreed to maintain communications, the statement said.
China’s official Xinhua News Agency said on Tuesday that the call took place at the request of US officials.
A senior US official said Monday that Trump views the meeting with Xi as a chance to see where Beijing stands on the two countries’ trade war, and is “comfortable with any outcome.”
With under three weeks to go before proposed talks between the Chinese and US leaders, expectations for progress toward ending the trade war are low and sources say there has been
Beijing is ready to resume trade talks with Washington, China’s ambassador to the United States Cui Tiankai said, as a top US business lobby in China said nearly half its members are seeing
The trade spat has turned into a war of words since President Donald Trump blacklisted Huawei last week over concerns the telecom giant's equipment could be used by Beijing for espionage.
Central European currencies edged up on Monday after the British parliament forced prime minister Boris Johnson to seek an extension to an Oct.31 deadline for leaving the European Union, reducing expectations of a ‘no deal’ Brexit.
Japan’s exports contracted for a 10th straight month in September, adding to speculation the central bank could ease monetary policy as soon as next week to support an economy hit by a slowdown in global demand.
Under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Sheikh Hamdan Bin Rashid Al Maktoum,