Chinese officials are offering to increase annual purchases of U.S. agricultural products as the two countries Online Cigarettes Store USA seek to resolve their trade dispute, the Financial Times reported on Wednesday, citing unnamed sources.
The U.S. Department of Agriculture (USDA) on Thursday confirmed net sales of 142,172 tonnes of U.S. pork to China in the week ended Oct. 3, the largest weekly sale to the world's top pork market on record.
A U.S.-China currency agreement is also being floated as a symbol of progress in talks between the world's two largest economies,Newport Pleasure although that would largely repeat past pledges by China, currency experts say, and will not change the dollar-yuan relationship that has been a thorn in the side of President Donald Trump.Analysts have noted China this time sent a larger-than-normal delegation of senior Chinese officials to Washington, with commerce minister Zhong Shan and deputy ministers on agriculture and technology also present.
The sudden optimism about a potential de-escalation is in stark contrast to much more gloomy predictions in business circles just days ago on the heels of a series of threatened crackdowns on China by the Trump administration.
On Tuesday, the U.S. government widened its trade blacklist to include Chinese public security bureaus and some of China's top artificial intelligence startups, punishing Beijing for its treatment of Muslim minorities.
Surprised by the move, Chinese government officials told Reuters on the eve of talks that they had lowered expectations Newport 100s Box for significant progress.
Friday's China Daily editorial also warned that "pessimism is still justified", noting that the talks would finish just three days before Washington is due to impose harsh new tariffs on $250 billion worth of Chinese imports.
The negotiations were the "only window" to end deteriorating relations, it added.
Trump, said on Thursday that the talks had so far gone very well. But he has previously insisted he would not be satisfied with a partial deal to resolve his two-year effort to change China's trade, intellectual property and industrial policy practices, which he argues cost millions of U.S. jobs.