News of the upcoming talks helped Chinese stocks stem losses.

Vice Commerce Minister Wang Shouwen, the deputy representative on global trade negotiations, will meet with a senior USA treasury official, David Malpass, at the invitation of the United States, the ministry said in a statement.


The Chinese Commerce Ministry announced Thursday that a delegation will travel to the United States later this month for talks.

In an attempt to solve the trade conflict between the United States and China, Beijing will send a delegation to meet with USA counterparts in Washington later this month.

US futures gained on the news.

President Trump has declared that a trade war with Beijing would be "easy to win" and that he was willing to impose tariffs on up to $500 billion of Chinese products after declaring that a trade war with Beijing... And China has promptly hit back with tariffs on an equal amount of US exports.


"The single biggest story this year is an economic boom that is durable and lasting that most people thought was impossible, and they were wrong", he said in closing.

"Our Country was built on Tariffs, and Tariffs are now leading us to great new Trade Deals - as opposed to the frightful and unfair Trade Deals that I inherited as your President", Trump tweeted Wednesday.

But less than 10 days later, the White House said it would push forward on planned tariffs on $50 billion of Chinese imports and curbs on investments by Chinese companies in the United States. However, financial observers expressed skepticism that any tangible agreement will come from the meeting, citing that the U.S. Trade Representative was not involved and the talks will occur between lower-level officials.


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