China's President Xi Jinping has said the country wants to reach an initial trade deal with the United States, but is "not afraid" to fight back in the trade war.
Economists warn that a prolonged trade dispute between the world's two largest economies is elevating risks to the global economy by disrupting supply chains, curtailing investment and curbing business confidence. China has invited top US trade negotiators for a new round of face-to-face talks in Beijing, the Wall Street Journal reported yesterday citing unidentified sources.
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