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US-China trade talks center on rivalry over technology

2018-05-04 09:35:45       source:1101Now

May 3, 2018


BEIJING (AP) -- Chinese and U.S. officials met face-to-face Thursday in an attempt to resolve a dispute over technology that has taken the world's two largest economies the closest they've ever come to a trade war.


A high-powered U.S. delegation arrived in Beijing for talks with Chinese officials aimed at defusing the tensions, though analysts say they appear unlikely to yield a breakthrough given the two sides' intensifying rivalry in strategic technologies, where China lags behind the U.S.


U.S. Treasury Secretary Steven Mnuchin is leading the group, which includes Commerce Secretary Wilbur Ross and U.S. Trade Representative Robert Lighthizer. Liu He, President Xi Jinping's top economic adviser, headed the Chinese side in the talks, which are expected to end Friday.


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