China, US to hold annual trade talks next week
BEIJING (REUTERS) - Senior US and Chinese officials will hold annual trade talks in Beijing next week, China's Foreign Ministry said on Friday, as the world's two largest economies try to iron out an array of long-held tensions.
Chinese Vice-Premier Wang Yang will host US Secretary of Commerce Penny Pritzker and Trade Representative Michael Froman for the Joint Commission on Commerce and Trade (JCCT) on Dec 19-20, ministry spokesman Hong Lei told a press briefing.
US politicians are eager to attract Chinese investment as a source of new jobs and economic growth, though high-profile Chinese projects have been scrapped after running into national security concerns.
Officials cited food safety worries in a review of the acquisition of the world's largest pork producer, Smithfield Foods Inc, by China's Shuanghui International Holdings Ltd, though the deal received US approval in September.