U.S, China trade talks conclude on positive note

The extended U.S-China talks to resolve the trade war between the world's two largest economies concluded in Beijing on a positive note on Wednesday with a senior American official describing the dialogue as 'good one' for the U.S.

A U.S delegation arrived in Beijing on Monday for the first face-to-face dialogue with officials in Beijing since President Donald Trump and his Chinese counterpart Xi Jinping agreed to a three-month tariff truce during a meeting held on the sidelines of the G-20 summit in Argentina on December 1.

The U.S delegation was supposed to end its visit on Tuesday.

However, the two-day vice-ministerial talks were extended till Wednesday which China said reflected the seriousness of the negotiations.

"It's been a good one for us," Ted McKinney, U.S Under Secretary for Trade and Foreign Agricultural Affairs, said after the talks concluded.

The discussions "went just fine", he said without elaborating, the Hong Kong-based 'South China Morning Post' reported.

Meanwhile, confirming the conclusion of the trade talks, China's foreign ministry spokesman Lu Kang told a media briefing that "the extension of the talks indicates that both sides are serious about this consultation".

"If the results of the talks are positive, it would be beneficial for both China and the US and also a good news for the global economy," he added.

(Agencies)