PEKÍN (Reuters) China said on Thursday that a delegation from that country will attend the next round of trade talks with US counterparts in Washington later this month, in the latest bid to quell a confrontation that has shaken world markets.
A Chinese delegation headed by Vice Minister of Commerce Wang Shouwen will hold talks with US representatives led by Treasury Under Secretary for International Affairs David Malpass, the Ministry of Commerce said in a statement on its website.
China and the United States have implemented several rounds of retaliatory tariffs on each other's assets since the beginning of the year and have threatened additional tariffs on exports worth hundreds of billions of dollars.
The announcement by the Chinese Ministry of Commerce about the meeting comes after a break in the talks between the two sides. The last official round of talks was in early June when the US Secretary of Commerce, Wilbur Ross, met with Chinese Vice Premier Liu He in Beijing.
There was no immediate response from the US Treasury Department to the Beijing announcement.
The news of the talks boosted the Chinese currency and its stock markets, which have been hard hit by the negative sentiment related to the trade war and the slowdown in the domestic economy.