China trade talks extended as both sides tout progress

The partial shutdown of the US federal government has now entered its third week

China has lodged "stern representations" with the United States over a US navy vessel sailing through the disputed South China Sea, as US officials joined trade talks in Beijing to seek a de-escalation in the Sino-US trade war.

"I think there's a very good chance that we will get a reasonable settlement that China can live with, that we can live with and that addresses all of the key issues", Ross said in an interview with CNBC.

US President Donald Trump also said trade talks were going "very well", and he was confident that both sides will come to an agreement.

The statement came as trade talks between China and the United States were under way in Beijing, the first round of face-to-face discussions since both sides agreed to a 90-day truce in a trade war that has roiled global markets.

The United States has long complained about access to the vast Chinese market and Beijing's demands USA companies reveal their technology advances.

The American side is led by a deputy USA trade representative, Jeffrey D. Gerrish, according to the US government.

US and Chinese officials met Monday in the Commerce Ministry in Beijing to begin their two-day trade negotiations.

"We urge the United States to immediately cease this kind of provocation", said Lu Kang, a spokesperson for the ministry. Beijing slapped 25 percent penalties on $50 billion of American goods, targeting farm areas that supported Trump in the 2016 election, and 10 percent on $60 billion of goods.

Mr Ted McKinney, US under secretary of agriculture for trade and foreign agricultural affairs, said the US trade delegation is "wrapping up" meetings with Chinese officials and will return to the US later on Wednesday after a "good few days".

The statement came as trade talks between China and the United States were under way in Beijing, the first round of face-to-face discussions since both sides agreed to a 90-day truce in a trade war that has roiled worldwide markets.

"As for whether the Chinese economy is good or not, I have already explained this".

Trump has imposed tariffs to pressure Beijing to change its practices on issues ranging from corporate espionage to market access and industrial subsidies. More senior-level discussions could take place this month, with the South China Morning Post reporting that Trump and Chinese Vice President Wang Qishan may meet at the World Economic Forum in Davos, Switzerland.

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

Liu's appearance at the talks is a "symbol of Xi's personal buy-in" in the effort to reach a deal, said Leland Miller, chief executive officer of China Beige Book, a data-analytics firm that surveys companies across the Chinese economy.

Beijing might demand changes to USA curbs on exports of "dual use" technology with possible military applications.

The White House is making sure this go-around is different.

"From the beginning we have believed that China U.S. trade friction is not a positive situation for either country or the world economy", Lu said.

Related news:

Hot News

isis-killer-beheading-video-story-top 'Citizenship Amendment Bill' passage marked by violent bandh in Assam
Jan 09, 2019 - 11:37
Defending the bill, India's Minister of Home Affairs Rajnath Singh clarified that the Act is not confined to the state of Assam. Mizoram and Meghalaya governments have opposed the Bill by adopting resolution against it in their respective cabinet meetings.

isis-killer-beheading-video-story-top Elizabeth Warren Talks Iowa Trip, Drinking Beer On Instagram Live
Jan 09, 2019 - 07:22
At that, Warren pivoted back to her campaign message, saying: "What I can do is I can be in this fight for all of our families". Here, hundreds of people snaked around one block then wrapped around another, waiting outside for her evening appearance.

isis-killer-beheading-video-story-top Samsung Embracing iTunes Makes Apple TV a Lot Less Necessary
Jan 09, 2019 - 00:32
Vizio has the most comprehensive range of models supporting AirPlay 2 , including the P-Series Quantum series from 2018 and 2019. As for folks with older Samsung TVs, you might also be able to take advantage of the new integration of Apple services.

isis-killer-beheading-video-story-top LG Announces First Rollable OLED TV Model
Jan 09, 2019 - 00:04
With Apple HomeKit support, customers will be able to control their LG TV using the Home app or by asking Siri. LG has officially announced that it is bringing its 65-inch rollable OLED TV to the market.

isis-killer-beheading-video-story-top The new HTC Vive Pro Eye headset comes with integrated eye tracking
Jan 09, 2019 - 00:03
We don't have pricing indications but reckon the Vive Cosmos will sit somewhere beneath the updated Vive Pro when it comes out. Cosmos can still also be powered by a PC or a laptop, but it seems like mobile will be the next steps for VR functionality.

isis-killer-beheading-video-story-top Trump Reportedly Trying to End Shutdown Without Looking Weak
Jan 08, 2019 - 23:57
He said Mexico would pay for it, although Mexico was always clear it would not, and he has now turned to Congress for the money. Amid the partial government shutdown - now in its 18th day - Trump announced that he would deliver an address Tuesday at 9 p.m.

isis-killer-beheading-video-story-top Heathrow suspends departures after drone spotted
Jan 08, 2019 - 23:52
The exclusion zone around airports is now one kilometre (half a mile) and this will be extended to five kilometres. Flight departures have been suspended at London's Heathrow Airport following reports of a drone sighting.

isis-killer-beheading-video-story-top Josh McDaniels 'very much in play' for Packers
Jan 08, 2019 - 23:50
It is expected that the Browns want a coach that can help develop quarterback Baker Mayfield and be his coach for the next decade. Since becoming an offensive coordinator in 2011, Kingsbury's offenses have averaged nearly 550 yards and over 40 points per game.

isis-killer-beheading-video-story-top Woodland leads Tournament of Champions, McIlroy three back
Jan 07, 2019 - 09:14
McIlroy added: "I've enjoyed the last couple of days, flighting different shots, hitting different trajectories". Johnson and Thomas are the past two winners at Kapalua. "He was just watching me play for his preparation".

isis-killer-beheading-video-story-top Powell Meeting On? Depends on Who You Ask
Jan 07, 2019 - 08:55
In the cash market, the benchmark S&P 500 Index settled at 2531.94, up 84.05 or +3.17%. "That's quite welcome", Powell said . Still, recent declines in financial markets reflect concerns among investors about downside risks to the outlook, he said.

isis-killer-beheading-video-story-top U.S. delegation to visit China for trade talks
Jan 07, 2019 - 07:38
Auto sales tumbled 16 percent in November over a year earlier and weak real estate sales are forcing developers to cut prices. Its one-sentence announcement gave no other details of the agenda or who else would take part.

isis-killer-beheading-video-story-top Chicago Bulls trade Justin Holiday to Memphis Grizzlies
Jan 07, 2019 - 07:14
Payne, 24, was drafted 14th overall by the Oklahoma City Thunder in 2015 and was traded to the Bulls last February. Chicago reportedly doesn't plan to have Brooks report to the team, nor do they plan on waiving him immediately.

isis-killer-beheading-video-story-top Nadal withdraws from Brisbane International with injury
Jan 05, 2019 - 11:12
Open semifinals last September, found some positives out of an injury-interrupted season that he wants to apply to this year. The No. 2-ranked Nadal, in Brisbane preparing to play his first competitive match since retiring from the U.S.

isis-killer-beheading-video-story-top Cathay Pacific sells $16k seats for $675 in error
Jan 05, 2019 - 10:45
The pricing mistake was first noticed several days ago by aviation bloggers, who trawl the internet looking for cheap deals. The mistakes don't always end up being honored by the airlines though. "They indeed canceled my booking which I paid for".

isis-killer-beheading-video-story-top Another batting collapse leaves Australia reeling after day three in Fourth Test
Jan 05, 2019 - 10:42
In a surprise throw of the dice, leg-spinning all-rounder Marnus Labuschagne was called up and will come in at three. They've made a lot of mistakes then eventually got out. "You've got to tip your cap to India ".