IANS | 18 Jan, 2018
China's top economic official will travel to the US later this month to
hold talks with the US as the world's two largest economies engage in
parleys to end the bruising trade war before the March 1 truce deadline.
The
Chinese Commerce Ministry announced on Thursday that Vice Premier and
top trade negotiator Liu He will visit the US on Jan 30-31 to hold talks
with US trade representative Robert Lighthizer to iron out their trade
differences.
Liu's visit comes after junior-level talks between
the two sides in Beijing last week, meant to prepare the groundwork for
the crucial negotiations later this month.
Beijing and Washington
are in truce until March 1 in their biggest trade war triggered by the
US President Donald Trump over the alleged sordid business practices by
China.
Both sides are engaged in hectic talks to find a solution
before the March 1 deadline after which Washington's planned levies on
$200 billion of Chinese goods will kick in.
Both sides have said the talks are going well.
Last year, both sides slapped tariffs worth millions on each other's goods.
Trump
accuses China of arm-twisting American companies to transfer technology
to their Chinese counterparts and ballooning trade deficit.
Beijing denies these charges and accuses Washington of containing it.
The
bruising trade dispute has hurt the already flagging Chinese economy
which grew at 6.5 per cent in the third quarter, slowest since 2009.
Its
total exports fell to $221.25 billion in December, down 1.4 per cent
from November, and 4.4 per cent from the same month in 2017.
