China-US talks set to resume next week

China and the United States will continue economic and trade consultations in Washington next week, after reaching consensus in principle on major issues during their high-level Beijing talks, State media reported.

According to Xinhua News Agency, the two sides had in-depth communication on topics of mutual concern including technological transfers, intellectual property rights protection, nontariff barriers, the service industry, agriculture, the trade balance and an implementation mechanism, as well as on particular issues of concern to China.

Both sides had specific discussions about a memorandum of understanding on bilateral economic and trade issues, Xinhua reported. The two sides said they will step up their work within the time limit for consultations set by both heads of state, and strive for consensus.