China-US trade talks progress 'well received', says senior Chinese official

BEIJING - The"substantive progress" China and the United States have made in their trade talks has been"well-received" in both countries and around the world, a senior Chinese official said on Monday , maintaning Beijing's previous upbeat assessment of discussions.

China and the United States have imposed tit-for-tat tariffs on hundreds of billions of dollars worth of each others' goods, and the talks are aimed at de-escalating a conflict that has roiled financial markets, disrupted manufacturing supply chains and shrunk US farm exports. "Economic and trade tries between China and the United States are mutually beneficial, win-win by the nature, and we hope that both sides can continue to step up consultations, to reach a mutually-beneficial, win-win agreement."Mr Zhang noted that aside from the trade dispute, the two countries also regularly clash over issues like human rights, the disputed South China Sea and self-ruled Taiwan, which China claims as its own.

"The two countries' history, culture, social system and development stage certainly have many differences," Mr Zhang said.

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