Vice Commerce Minister Wang Shouwen said Sunday that Vice Premier Liu He would travel to Washington for the talks sometime after China's National Day holiday, which ends October 7
China hawks within the US administration have discussed tighter restrictions on listed Chinese companies for months
Major US stock indexes slipped on the news, which came days before China celebrates the 70th anniversary of the birth of the People's Republic on October 1
However, there are still significant hurdles in setting up shop in China
Trump on Tuesday had accused China of the theft of trade secrets 'on a grand scale' and said it was taking advantage of World Trade Organization rules
President Trump says US tariffs have thrown millions out of work, but Western economists point to relative stability amid a shift to service jobs as the two sides prepare to resume talks
Earlier on Tuesday, US President Donald Trump had a stern message for China and its president, Xi Jinping, in his speech at the United Nations General Assembly
Trump said he hoped an agreement that was mutually beneficial for the US and China could be reached
The world's two largest economies have been locked in a bruising trade war since Trump in March last year imposed tariff hikes of up to 25 per cent on $250 billion of Chinese goods
The cancellation came only about an hour after President Donald Trump said he wasn't interested in 'a partial deal' with China
Trump said the United States was taking in billions of dollars from tariffs imposed on Chinese products, adding that the total would soon reach $100 billion
The view may be an outlier as International money managers have sold $4.7 billion of the nation's shares since June
China's exports contracted last month and shipments to the US plunged. The tariffs President Donald Trump added this month are set to bite
A USTR spokesman did not offer any further details about the deputy-level talks
More and more businesses are complaining about congested ports and roads, rocketing costs for land and labor, and regulations that aren't being loosened fast enough
Ongoing US-China trade war weighing on prices even as production declines by 1.1% y-o-y in Jan-Jun, while consumption grows by 2.3% in the same period
Vice Premier Liu He has acted as President Xi Jinping's pointman in the trade talks with US Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer
Here's a selection of Business Standard opinion pieces for the day
China's slowdown deepens in August; industrial output growth falls to 17-1/2 year low
The depreciation of the renminbi in recent weeks has raised fears that China is aiming to counter US tariffs by weaponising its currency