Still, talks between the world's two biggest economies have repeatedly yielded no breakthroughs since they started in May, and Beijing has repeatedly said it won't cave to USA demands.
How did we get here?"If good results come out of the trade talks between the two countries, they will not only benefit both China and the US, but also be good news for the world economy", Lu Kang said. But China has bought only around 5 million tonnes since purchases resumed in December, less than 20 percent of the beans it bought a year earlier.
The United States and China concluded on Wednesday three days of extended talks to resolve their trade war, with a member of the American delegation saying negotiations "went just fine". Ross told CNBC the talks were being held with appropriate-level staff and would help determine how the administration moves forward.
The foreign ministry spokesman, Lu Kang, said the talks wrapped up Wednesday. Beijing has retaliated in turn to U.S. tariffs. "Instead of making honest efforts to solve its domestic problems, it resorts to unilateralism and protectionism, breaks the rules-based worldwide order, coercing allies to accept unfair treaties, triggering trade frictions with China, and blocking technology transfer while trying to contain China's rise".More news: Ander Herrera to sign new Manchester United deal?
Productive talks could be a boon to the economies of both countries, which spent most of 2018 mired in a trade war that imposed hundreds of billions of dollars in tariffs on each other's goods.
"As for whether the Chinese economy is good or not, I have already explained this".
The Trump administration is dealing with an increasingly strong China that has its own pressing needs, said the Global Times, which is published by the ruling Communist Party. Trump said in a tweet on Tuesday.
Few details have emerged from the trade talks, which are scheduled to run through Tuesday.More news: Alisson turned down Chelsea for Champions League football
Lu said the two countries have agreed to hold "positive and constructive" discussions.
The U.S. delegation - which is being led by Deputy Trade Representative Jeffrey Gerrish - is requesting China be specific on what U.S. products it will buy and on what specific dates.
El Paso, Texas-based Helen of Troy Ltd., a maker of consumer products from OXO kitchen utensils to Braun shavers, cut its sales and gross margin outlooks on Tuesday laid some of the blame on US tariffs on Chinese goods, which make up 70 percent of the company's cost of products sold.
The talks are taking longer than expected as the Chinese commerce ministry had said last week that the meetings would take place on Monday and Tuesday. "Neither side has made a briefing, because the US delegation is on the plane now", wrote Hu Xijin, editor of the Global Times, published by the ruling Communist Party's official People's Daily. Liu made a brief appearance at the talks in Beijing on Monday, boosting optimism that China was serious about making progress on a deal.More news: Kevin Hart Apologizes for His Past Anti-LGBTQ Comments
U.S. commerce secretary Wilbur Ross predicted that the United States and Chinaare likely to reach a trade deal, as officials from both nations met for face-to-face talks in Beijingon Monday (New York time). During the session, the contract touched $49.95, the highest since December 17.