China says Xi-Trump phone call on trade 'extremely positive'

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Those discussions are moving along nicely with meetings being scheduled at the G-20 in Argentina, ' he tweeted.

Trump said he and Xi also had "a good discussion on North Korea".

Jacob Parker, vice president of China operations at the US-China Business Council in Beijing, said there were plenty of challenges that would require significant negotiations in advance of a meeting between Trump and Xi to ensure success.

The onshore yuan was headed for its biggest two-day advance in more than 11 years amid prospects that China and the USA are working toward a possible deal in a trade war that has roiled global financial markets.

Xi on Thursday said he looks forward to meeting with Trump at the G20 in Argentina, according to China's state media.

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Trump and Xi, in several reciprocal actions, have in recent months imposed higher tariffs on tens of billions of dollars of exports moving between the two countries, increasing tensions between Washington and Beijing.

"China wants to make a deal.

Rebuilt China", Trump told Breitbart at the time.

Xi also said he and Trump expressed hopes to expand bilateral trade cooperation, Xi was quoted as saying on CCTV state television.

"The sound and stable growth of China-U.S. relations serves the common interests and the fundamental interests of the people of our two countries", Li said.

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Federal Bureau of Investigation director Christopher Wray said the US has filed a civil lawsuit seeking to prevent the two indicted companies, Taiwan-based United Microelectronics Corp. and China's state-owned Fujian Jinhua Integrated Circuit, from exporting any products created using USA trade secrets and blocking the further transfer of trade secrets.

Tennessee Senator Lamar Alexander told Li that the delegation was there "to show our respect to a great country and a great people". "And let's see what happens", Trump said at a White House event.

Alexander said he would be discussing trade with Li, though neither of them mentioned the ongoing tariff war in remarks in front of reporters.

On Wednesday, US Secretary of State Mike Pompeo said China was probably Washington's biggest long term security challenge and the United States was engaged in a "multi-pronged effort.to convince China to behave like a normal nation on commerce" and respect global law.

The two nations had already imposed tariffs on $50 billion of each other's goods before the September sanctions.

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