Sino-US Talks Resume, But No Deal In Sight

Chinese and US negotiators meet in Shanghai on Tuesday to resurrect trade talks between the world's two biggest economies, with both sides downplaying expectations there will be an imminent deal.

The negotiations in China's financial hub will be the first face-to-face discussions since negotiations collapsed in May, when US President Donald Trump accused China of reneging on its commitments.

Beijing and Washington have so far hit each other with punitive tariffs covering more than US$360 billion in two-way trade, in a tense stand-off centred on demands for China to curb the alleged theft of American technology and provide a level-playing field to US companies.

The two days of talks are to be led on the US side by trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin.

Days before the Shanghai meeting, Trump threatened to pull recognition of China's developing nation status at the World Trade Organization – prompting an irritable reply from Beijing about the "arrogance and selfishness" of the US, which state media said was using pressure ahead of the trade talks.

Trump said on Friday he believed Chinese negotiators were hoping to delay a deal until after the US presidential election next year, adding: "When I win... they're all going to sign deals."

The US leader has also angered the Chinese side by claiming the slowing economy is forcing them to make a trade deal, and blacklisting telecom giant Huawei over national security concerns. (AFP)