China increasing inspections of USA pork as trade conflict continues

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China increasing inspections of USA pork as trade conflict continues

Xi's top economic adviser, Liu He, who headed the Chinese side during the Beijing talks, is expected to visit Washington for the meetings next week, White House Press Secretary Sarah Sanders said Monday.

The US delegation was returning to Washington to brief Mr Trump and "seek his decision on next steps", the White House said, adding that the administration had "consensus" for "immediate attention" to change the US-China trade and investment relationship. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

China has ramped up its purchases of chips since the start of the year, customs data showed on Tuesday, as the United States threatens to impose tariffs on up to $150 billion in Chinese goods over allegations of intellectual property theft.

The visit by Vice-Premier Liu He - considered President Xi Jinping's right-hand man on economic issues - comes after he led talks in Beijing last week with a high-level U.S. delegation.

China's move to higher-value exports is clear, with shipments of lower-end products, such as shoes and apparel, declining year-on-year, but its strategic tech sector is firmly in the crosshair of the White House.

For January to last month, it rose to US$80.4 billion, from about US$71 billion in the same period a year ago. Liu was recently promoted to vice premier and is Xi's top deputy on economic matters.

High-level discussions between the two sides in Beijing last week appeared to make little substantive progress in defusing trade tensions apart from an agreement to hold more talks. China wants the U.S.to stop an investigation into the country's acquisition of sensitive American technologies.

China's trade surplus with the United States clocked in at USD22 billion in April.

A spokesman of China's Ministry of Commerce said on Friday that during the two-day talks, China made solemn representations to the USA side regarding the case of ZTE Corp.

China has vowed to take retaliatory action of the same scale.

The People's Daily said the talks "laid solid foundation for further talks on trade and economic cooperation, and for ultimately achieving benefits (to both countries) and win-win results".

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