'We're going way up, and China has been hurt over the last number of months.
Trump has railed against the U.S. trade imbalance with China since his presidential campaign, and his administration has grown increasingly vocal about calling out alleged corporate espionage and intellectual property theft by Chinese entities.
President Donald Trump says his trade negotiations with China are going swimmingly, but his chief economic adviser says they're nowhere close to a deal. The Chinese president also said he would like to meet Trump at the G20.
Bloomberg reported on Friday that Trump wants to reach a trade agreement with China at the G20 meeting. It was the fourth such case since September alleging Chinese espionage on US economic interests.
It's been a wild ride this week for China's yuan, whipsawed as concern about a slowdown in the world's second-biggest economy gave way to optimism that trade tension with the US may ease.
Jacob Parker, vice president of China operations at the U.S.
Xi responded to the call by saying he hopes China and the US will be able to promote a steady and healthy relationship, Chinese state media reported Thursday.
The United States has already imposed tariffs on $250 billion worth of Chinese goods, and China has responded with retaliatory duties on $110 billion worth of US goods.
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Trump had earlier said on Twitter that he held a "very good" conversation with the Chinese president "with a heavy emphasis on trade".
Tu Xinquan, a trade expert at Beijing's University of International Business and Economics, said he was sceptical that the Trump administration was truly ready to deal, and that other factors, such as the mid-term congressional elections, could be driving statements from the administration.
The HSI and Shanghai were already buoyant after Beijing said it would introduce measures to kickstart the stuttering economy following a string of weak data, including growth at its slowest pace in nine years during the third quarter. -China trade talks can not resume until Beijing outlines specific actions it would take to meet USA demands for sweeping changes to policies on technology transfers, industrial subsidies and market access.
Fujian Jinhua Integrated Circuit Co and Taiwan's United Microelectronics Corp were indicted along with three individuals, the Justice Department said.
The Chinese president was also quoted as saying that he was willing to meet Trump in Argentina during the G-20 summit.
Beijing has hit back with its own duties on USA imports.
Despite the positive message from Beijing, analysts were more pragmatic about what could be achieved by the leaders' meeting given the two sides' huge differences on strategic and ideological issues, as well as the growing hostility towards China in the United States.
China has responded with retaliatory duties on $110-billion worth of US goods.