Washington/Beijing — China has welcomed a US invitation to hold a new round of trade talks, as Washington prepares to further escalate the US-China trade war with tariffs on $200bn worth of Chinese goods. The Trump administration had invited Chinese officials to restart trade talks, the White House’s top economic adviser said on Wednesday, news that gave a lift to Asian stocks, including Chinese shares and the yuan. Chinese foreign ministry spokesman Geng Shuang told reporters on Thursday that China had received the invitation and welcomed it. The two countries were discussing the details. "China has always held that an escalation of the trade conflict is not in anyone’s interests. In fact, from last month’s preliminary talks in Washington, the two sides’ trade talk teams have maintained various forms of contact, and held discussions on the concerns of each side," he said. Larry Kudlow, who heads the White House Economic Council, told Fox Business Network that US treasury secretary ...

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