US Comm Sec Ross: US & China agree bilateral trade frictions should be resolved through negotiation

The US Commerce Secretary Wilbur Ross is out with a statement, following the trade talks with the Chinese official.

Key Headlines:

US and China both agree bilateral trade frictions should be resolved through negotiation

Chinese official continually stressed dialogue is preferable to unilateral action

Relayed US firms' concern at forced tech transfers, data localisation

US reiterated need for concrete deliverables, meaningful action on key issues