China sends written response to U.S. trade reform demands: USA govt sources

Under pressure to liberalise its economy China is making the right noises. But there are no free lunches

"They know what the president's position is", he said, adding that he believed they "got the message".

President Donald Trump could also change his mind at any time about Navarro's role.

Mr Trump and Chinese President Xi Jinping are due to discuss the US-China trade confrontation later this month during a Group of 20 summit in Argentina.

The Chinese government has presented an offer to the United States to try to push forward stalled trade talks before the leaders of the two economic superpowers meet at the end of this month, according to two people briefed on the discussions. China has accused Trump and his administration of having a "cold war mentality" toward Beijing.

A Treasury spokesperson could not immediately be reached for comment late Wednesday.

Stocks posted modest gains in most of Asia Thursday, while the the offshore yuan rose 0.2 percent to 6.9328 per dollar.

The White House has deliberately curtailed trade advisor Peter Navarro's public profile amid a clash with top economic advisor Larry Kudlow, a person with knowledge of the matter told CNBC on condition of anonymity.

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On the American side, the discussions are now being led by Mnuchin and the Treasury, which has raised questions among some observers about the process. -China trade has cost some 3.4 million American jobs.

"Mnuchin and Kudlow can not create a trade deal".

Mr Pence said China must offer concessions on a wide range of issues including intellectual property theft, forced technology transfer, restricted access to Chinese markets, respect for worldwide rules and norms, efforts to limit freedom of navigation in global waters and Chinese Communist Party interference in the politics of Western countries.

"I think Peter very badly misspoke".

"The president's attitude is, we want to make sure they know where we stand, what we are prepared to do, so they can come to Argentina with concrete proposals that address not just the trade deficit that we face..."

Washington expects Beijing to undertake a dramatic change in all of its policies to accommodate United States demands and is prepared for prolonged hostilities if it does not, Vice President Mike Pence reportedly said.

-With assistance from Sharon Chen and Miao Han.

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