China, US see fresh progress in bilateral trade discussions

New foreign investment law to protect legitimate rights of overseas firms

China and the United States have made plans for face-to-face trade talks in January in addition to maintaining intensive telephone consultations, the Ministry of Commerce said on Thursday.

The ministry's comments came after the two countries conducted vice-ministerial-level calls last week and gained fresh progress on issues of mutual concern, including trade imbalances and the strengthening of intellectual property rights protection. They also discussed arrangements for the next call and exchange visits.