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No breakthrough but some consensus in China-US trade talks, Beijing says
Beijing and Washington agree only to keep talking after two days of dialogue 
 
China and the United States have wrapped up their first round of trade talks with no breakthrough, agreeing only to have more dialogue to ease tensions.
 
A short statement released by the state-run Xinhua news agency said both sides were still “very divided” on some issues and “more work needed to be done”.
 
The two sides “reached some consensus” and exchanged views on expanding US exports to China, bilateral investment, intellectual property protection and the imposition of tariffs, the statement said, without elaboration.
 
A separate statement by China’s Ministry of Commerce said China also protested against a US ban on Chinese tech giant ZTE buying American components.
 
The US delegation said it would report back to US President Donald Trump on the matter, according to the ministry.
 
According to a draft framework of US demands seen by the South China Morning Post, Washington asked China to cut the trade deficit by at least US$200 billion by the end of 2020. 
Washington also demanded Beijing halt subsidies for industries under the “Made in China 2025” plan, and that China should not resort to retaliatory measures against Washington.
 
US Treasury Secretary Steven Mnuchin led the US delegation – which included US Trade Representative Robert Lighthizer and Commerce Secretary Wilbur Ross – in the talks on Thursday and Friday. 
 
The Chinese delegation was led by Vice-Premier Liu He.

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