China and the United States should be willing to make compromises in trade talks and not insist on what only one side wants, Chinese Vice Commerce Minister Wang Shouwen said on Monday.
Discussions between the Chinese and U.S. trade teams are underway, Wang told a media briefing, without disclosing how or where the talks were taking place.
China and the United States last week said they were reviving talks ahead of this week's meeting between U.S. President Donald Trump and Chinese President Xi Jinping at the coming G20 summit in Osaka, Japan, cheering financial markets hoping for a de-escalation in a trade war that is damaging the global economy.
Both the Chinese and U.S. teams are making preparations for the Xi-Trump meeting, said China's Assistant Foreign Minister Zhang Jun at the briefing.
(With input from Reuters)