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China says it does not want a trade war with US

China says it does not want a trade war with US

No details were given on when the meeting will be held or who will attend, in the announcement by Zhang Yesui, spokesman for China's top legislature and ambassador to the US from 2009 to 2012.

China does not want a trade war with the United States, but will not allow its interests to be harmed, National People's Congress spokesman Zhang Yesui said on Sunday (March 4).

The U.S. goods trade deficit with China reached a record $375 billion a year ago, by far the largest the U.S. had with any country.

Thousands of Chinese delegates will begin meeting in Beijing on Monday for the annual session of country's top legislature, which will stretch for 16 days this year.

Zhang emphasized that trade disputes should be resolved through dialogue.

"The countries have reached consensus to tackle trade imbalances", said the source, who asked not to be named as he was not authorized to speak on the matter.

Diplomatic and US business sources say the United States has all but frozen a formal mechanism for talks on commercial disputes with China because it is not satisfied Beijing has met its promises to ease market restrictions.

President Xi Jinping's top economic aide, Liu He, met with United States officials at the White House this week to discuss the fraught economic relationship.

Chinese Communist Party's Central Committee Taiwan Work Leading Small Group has traditionally been China's mechanism for steering direction of Taiwan affairs, and the small group has been led by Jiang Zemin and Hu Jintao when they were Chinese presidents.

Since announcing plans to impose a 25 percent tariff on steel imports and 10 percent on aluminium, Trump has shrugged off threats from other nations, boasting on Friday that "trade wars are good, and easy to win".

The move followed a preliminary finding in August by the U.S. Department of Commerce that accused Chinese exporters of receiving government subsidies of up to 80%, and of selling products at unfairly low prices.

On Saturday, US President Donald Trump reportedly praised Xi for moving to consolidate his grip on power, in a light-hearted speech to Republican donors, held behind closed doors in Florida.

"But if the U.S. takes actions that hurt Chinese interests, China will not sit idly by and will take necessary measures", Zhang said.

He said China defended and contributed to the UN-centered global order, but also said some reforms were necessary.