Chinas Xi to meet top US trade officials

Chinas Xi to meet top US trade officials

Washington is expected to keep pressing Beijing on long-standing demands that it make sweeping structural reforms to protect American companies' intellectual property, end policies aimed at forcing the transfer of technology to Chinese companies, and curb industrial subsidies. But they have resisted making major changes in development plans they see as a path to prosperity and global influence. An American delegation is in Beijing to conduct bilateral trade talks with China.

Negotiations about two weeks ago in Washington went fairly well by all accounts, but officials have said there's a lot of work that needs to be done before a deal can be made.

The two USA cabinet officials will meet with Xi on Friday, the South China Morning Post reported, citing a source briefed on the arrangements.

Their deputies have met since Monday to make preparations.

Even if negotiators produce an agreement, it run might into opposition from within the Trump administration, Prasad said.

"I think that whatever we might get for an agreement, it will be a pause, because the USA government is still going to move forward in the telecoms sector, on law enforcement and legal action, and on sanctions-related issues".

Beijing has tried to deflect pressure by emphasizing China's growth as an export market.

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Both the Chinese government and Huawei have dismissed these concerns.

The push for a deal comes as Trump begins to lay out his case for re-election next year, arguing that his administration has helped to buoy US growth and employment through tax cuts and deregulation. Trump said last week they plan to meet, but not before the March 1 deadline.

During an interview Monday, White House Counselor Kellyanne Conway said the president wants to meet with President Xi very soon.

Another source confirmed that Xi was set to meet with the USA delegation in Beijing later in the week, without specifying the exact date.

According to media reports, the meeting may take place in Vietnam on 27-28 February.

Trump's comments are the strongest indication that he's willing to give the Chinese more time to firm up a deal to head off the bruising trade conflict, which has cast a cloud over the global economy.

During a South China Sea freedom-of-navigation operation in September, a Chinese destroyer challenged a US vessel to a showdown, forcing the US Navy ship off course and risking a deadly collision. "It would be a awful cost for American consumers and a bad hit to the global economy".

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