Chinese President Xi Jinping is sending top economic policymaker Liu He to the US, in an attempt to reduce growing tensions over trade between the two countries, according to the New York Times. The visit comes as China and US are locked in a bitter dispute over Beijing's alleged theft of American intellectual property through its massive state-backed technology transfer program. Yang Jiechi, China’s top diplomat, arrived this month but made little headway at a time when the mood in Washington has shifted toward strong concern about China’s rapid military buildup and record trade surpluses with the United States. President Trump has also called for a reciprocal tax on countries like China that impose higher duties on imports of US products. The Chinese government has said it is not afraid of a trade confrontation with the US.
Chinese President Xi Jinping is sending top economic policymaker Liu He to the US, in an attempt to reduce growing tensions over trade between the two countries, according to the New York Times. The visit comes as China and US are locked in a bitter dispute over Beijing's alleged theft of American intellectual property through its massive state-backed technology transfer program. President Trump has also called for a reciprocal tax on countries like China that impose higher duties on imports of US products. The Chinese government has said it is not afraid of a trade confrontation with the US.