High-level trade talks with US to start

China and the United States will hold vice-ministerial-level trade talks next week in Beijing, the first in-person talks since their top leaders agreed last month on a truce in a bid to work out their trade differences, China's Ministry of Commerce said on Friday.

This year marks the 40th anniversary of the establishment of China-US diplomatic relations. Against that backdrop, analysts said it is hoped Beijing and Washington will deliver positive results in the planned talks to further allay global economic concerns. On Monday and Tuesday, US Deputy Trade Representative Jeffrey Gerrish will lead a delegation to Beijing to negotiate on trade issues, the ministry said.

According to the ministry, the two nations are expected to conduct constructive discussions on implementing the consensus reached by President Xi Jinping and his US counterpart, Donald Trump, on the sidelines of the G20 Leaders' Summit in Buenos Aires on Dec 1. The leaders agreed to refrain from imposing new tariffs and expressed the importance of advancing bilateral ties on the basis of cooperation.