China and U.S. to hold trade talks in Beijing next week

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China and the United States will hold vice ministerial-level trade talks in Beijing on January 7-8, as the two sides look to end a dispute that is inflicting increasing pain on both economies and roiling global financial markets.

The U.S. accuses China of deploying predatory tactics in a drive to surpass America's technological supremacy.

Donald Trump and Xi Jinping had agreed to a 3-month cease fire amid rising trade tensions. "Another is that, according to USA customs data, it is not just the United States products that China imposed its retaliatory tariffs on that have seen weakening export growth to China, but U.S. exports to China have seen some softening across the board". -China trade war, investors in the USA markets are worrying about rising interest rates and a wobbly US real estate market. Yet those very pressures, analysts say, give the two countries a stronger incentive to make peace.

Gerrish is close to Robert Lighthizer, the United States trade representative, and the official most in favour of using the trade war to punish China.

U.S. and China have exchanged tit-for-tat tariffs on more than $300 billion worth of goods in total two-way trade.

Hassett said Asian economies including that of China have been slowing quite a bit since last spring and that China is "feeling the blow" of US tariffs.

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The U.S. and Chinese governments both have expressed interest in a trade settlement but give no indication their stances have shifted. For 2018, the Dow Jones Industrial Average - America's highest-profile stock market benchmark - fell almost 6 per cent, its worst performance since 2008.

Chinese economic growth fell to a post-global crisis of 6.5 percent in the quarter ending in September.

The U.S. manufacturing sector has begun to slow, and the Institute of Supply Management's survey of corporate purchasing managers on Monday showed the largest monthly decline since the depths of the recession in December 2008. Those ambitions cut to the heart to China's drive to become the world's 21st century economic superpower.

Beijing last month said that negotiations would start by focusing on agricultural goods, energy and automobiles.

Both governments face economic pressure to reach a settlement.

Those familiar said other U.S. attendees include Mr Gil Kaplan, Undersecretary of Commerce for International Trade; Mr Ted McKinney, Undersecretary of Agriculture for Trade and Foreign Agricultural Affairs; and Ms Merry Lin, director for global and Asia economics at the National Security Council.

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