The lack of purchases from the United States so far this week shows China is in no hurry to buy USA products in the wake of last week's phase one trade agreement, that U.S. president Donald Trump hopes will be signed next month. Speculations on US-China trade talks rock markets As trade talks between the US and China unfold in Washington, a series of conflicting news reports have thrown markets into confusion, with US and Asian futures indexes briefly dropping upon news the talks had ended in failure.
China is "willing to work together with the United States to address each other's core concerns on the basis of equality and mutual respect", Liu said, according to a report on Taoran notes, a social media account run by the official Economic Daily.
BEIJING and Washington have made "substantial progress" towards a partial trade deal, China's top trade negotiator said today, in his first comments since talks with US President Donald Trump last week.More news: Syrian Kurdish forces and Turkey exchange blame for continued fighting
Before the trade war, China imported most of its U.S. soya between October and January, turning to South America around February.
Speaking to reporters at the White House, Kudlow said the first phase of a trade deal, revealed last week, may be signed at the Asia-Pacific Economic Cooperation (APEC) forum next month in Chile, noting that the figures relating to Chinese purchases were a "considered number".
The address will "reflect on the US-China relationship over the past year and look at the future of our relationship", the official said without offering further details. Both sides are working toward a written agreement.More news: Doral will No Longer Host G-7 Summit
In phase one deal, the United States agreed to withdraw the scheduled increase of tariffs from 25% to 30% on Chinese goods worth 650 billion.
Reuters, citing US officials, said a second phase of negotiations could address thornier issues like forced technology transfer and nonfinancial services issues.
China's third-quarter economic growth slowed to an annual 6.0 per cent, its weakest pace in nearly three decades as the bruising trade war hit factory production and investment sentiment. Liu said the fundamentals of China's economy remain unchanged, even as it goes through a significant re-balancing, and the nation is "confident" of reaching its economic targets.More news: See the Final Trailer for Star Wars