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Join Xi to meet the US trade delegation in Beijing

PEKING (Reuters) – Chinese PM Xi Jinping, Vice Premier Liu He, will meet with a high-level US trade delegation this week in Beijing, it said Wednesday in a smoldering dispute between the world's two largest economies.

FILE PHOTO – Chinese Vice Premier Liu He attends the press conference following the final session of the National People's Congress (NPC) on March 20, 201
8 in the Great Hall of the People in Beijing. REUTERS / Jason Lee [19659003] US President Donald Trump has threatened to punish Chinese goods worth up to $ 150 billion to punish China for its joint venture requirements, and other policies are forcing American companies to sell their intellectual property to the state to give support to Chinese competitors.

China, which denies enforcing such technology transfers, has equally threatened retaliation, including tariffs on American soybeans and aircraft.

In a brief report, the Chinese media said China welcomes the delegation's visit to Beijing on Thursday and Friday, adding that Liu will meet with members to discuss issues of mutual concern over Sino-US trade and business relations exchange.

It was not worked out.

US visitors include Sales Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin, Secretary of Commerce Wilbur Ross, White House Trade and Production Adviser Peter Navarro and White House New Economic Adviser Larry Kudlow.

China says it is determined to open its economy to the outside world and has denounced US protectionism.

The talks needed something to give and take, the official China Daily said Wednesday in an editorial.

"The time when China might be forced to open its doors is long gone, and Beijing is not opening it now just to appease others," it said.

"If the US delegation comes to China and believes that Beijing's determination to open itself further is a matter of convenience under pressure from Washington, it will probably waste a lot of time to fix the report. "

Lighthizer said on Tuesday that he did not intend to negotiate changes in China's state-run economic system in the talks, but would try to expose it to more foreign competition.

Lighthizer told the US Chamber of Commerce that he views the talks as the beginning of a long learning process for Washington and Beijing to better manage their trade differences.

Earlier Tuesday, Ross said Trump was ready to raise tariffs on China if the delegation did not come to a negotiated settlement to reduce trade imbalances.

Before traveling to China, Ross said he had "some hopes" before traveling to China to ease the trade tensions between the two sides.

But Ross and Navarro, who spoke to representatives of steel companies in Washington on Tuesday, both said that a final decision would be made by US President Donald Trump.

Lighthizer downplayed the possible imposition of tariffs on China in its statements to the most powerful US business lobby, which turned against customs to try to force changes in China's trading practices.

The so-called Section 301 investigation tariffs could be introduced sometime in June after the conclusion of a public comment.

Reporting by Ben Blanchard; Additional reporting by Cheng Fang; Editing by Clarence Fernandez

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