Washington's commerce chief 'hopeful' on trade feud solution

US Secretary of Commerce Wilbur Ross said on Wednesday that he hoped China and the United States would make progress in resolving their trade dispute with "mutually beneficial solutions".

Ross spoke at a reception held by the China General Chamber of Commerce-USA to coincide with the SelectUSA Investment Summit.

His comments came, however, as a Chinese diplomat said on Wednesday that Chinese firms are seeing a souring environment for investing in the US.