Chinese envoy heads to US ahead of trade talksBEIJING: A Chinese envoy will travel to Washington on Wednesday to prepare for the latest round of trade negotiations between the world’s two biggest economies. The announcement on Tuesday follows conciliatory gestures by both sides ahead of the October talks on their fight over trade and technology, which threatens to dampen global economic growth. A deputy finance minister, Liao Min, will lead a delegation to the US capital to “pave the way” for the 13th round of negotiations, the official Xinhua News Agency said. It gave no details of their agenda.The two governments have raised tariffs on billions of dollars of each other’s goods, which have battered farmers and manufacturers on both sides and fueled fears that the global economy — which already is showing signs of cooling — might tip into recession. Beijing announced on Friday it would lift punitive tariffs on American soybeans, China’s biggest import from the US, following President Donald Trump’s decision to postpone a tariff hike on Chinese imports. But there has been no sign of progress on the core issues in their sprawling dispute.Negotiations between Washington and Beijing broke down in May over how to enforce… Read full this story
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