A senior Chinese delegation will visit the United States for trade talks later this month, the Commerce Ministry announced on Thursday.
China announced Thursday that it will send a delegation to the US later this month for trade negotiations, after the two countries started imposing tit-for-tat tariffs on goods from each other and Washington tightened controls on investment.
The last official round of talks was in early June when the United States commerce secretary, Wilbur Ross, met Liu He in Beijing.
The meeting would end a drought in talks since early June, when U.S. Commerce Secretary Wilbur Ross met Chinese Vice Premier Liu He in Beijing, but returned with no agreements. Beijing retaliated by imposing the same percentage of retaliatory tariffs on 545 US items, also worth $34 billion.
"This looks like it will be a waste of time for the two govts (esp China's).Who thinks US Treasury Dept is empowered to make THE deal to end the trade war?", Scott Kennedy, deputy director of the Freeman Chair in China Studies at the Center for Strategic and International Studies in Washington, wrote in a post on Twitter.
England omit Stokes in unchanged squad for third test
Last week, the jury acquitted Mr Hale of the charge after the judge ruled there was insufficient evidence against him. Ali was also found not guilty of affray and he shook hands with Stokes on leaving the dock.
New tape release symptomatic of Trump's 'chaotic' inner circle
But legal and ethics experts questioned the validity - and constitutionality - of NDAs signed by White House staff. She added, "This is his pattern with African-Americans".
Partial Solar eclipse today; few things to keep in mind
For those disappointed they missed out on this eclipse, in less than six months time a full lunar eclipse will take place. However, according to the worldwide time, the partial solar eclipse will start from 8 a.m. 2 min and end at 11.30 am.
The offshore Chinese yuan rose briefly on the news against the dollar, strengthening to a high of 6.9165 before paring gains.
News of the meeting gave a lift to the yuan and helped cap losses in China's stock markets. The SCI 300 Index was up 0.59 per cent by mid-morning, having fallen as much as 1.8 per cent shortly after open.
USA futures gained on the news. Another $16 billion in levies will be effective later in August.
Washington is due to impose tariffs on another $16 billion of Chinese goods on August 23, and China has warned that it will retaliate to that move. Separately, China has said it is prepared to put additional tariffs on 5,207 goods imported from the United States with a total value of $60 billion, ranging from liquefied natural gas to some aircraft.
A currency war will be inevitable if the USA ratchets up tariffs to 25pc on $200bn of Chinese goods this September, economists fear.