China trade talks end, but has anything changed?

What hope for markets in the US-China trade talks?

"Neither side has made a briefing, because the US delegation is on the plane now", wrote Hu Xijin, editor of the Global Times, published by the ruling Communist Party's official People's Daily.

On Tuesday, an official Chinese newspaper warned Washington "cannot push China too far" and must avoid a situation that "spins out of control".

US and Chinese envoys extended trade talks into a third day Wednesday after President Donald Trump said negotiations aimed at ending a tariff war were "going very well!".

The meetings in Beijing were the first formal trade negotiations between the two sides since President Donald Trump and Chinese leader Xi Jinping agreed to a truce at the G20 summit in Argentina last month.

On Wednesday, a clutch of Fed officials said they would be cautious about any further increases in interest rates so the central bank could assess growing risks to an otherwise-solid USA economic outlook. -Chinese relations for years.

Delegations from China and the USA ended talks that had lasted longer than expected in Beijing on Wednesday amid signs of progress on issues including purchases of U.S. farm and energy commodities and increased access to China's markets.

Beijing has tried to defuse pressure from its trading partners for more sweeping changes by offering concessions on investment regulations and stepping up purchases of American soybeans, natural gas and other exports.

A clutch of Fed officials said on Wednesday they will wait to deliver more interest rate hikes so the central bank can further assess growing risks to an otherwise solid US economic outlook. "The limited policy movement that we've seen so far suggests that a game-changing deal remains unlikely". Trump tweeted on Tuesday.

U.S. West Texas Intermediate crude futures on Wednesday gained nearly 5.2 percent, while Brent crude futures were up more than 4.6 percent.

Meanwhile, confirming the conclusion of the trade talks, China's foreign ministry spokesman Lu Kang told a media briefing that "the extension of the talks indicates that both sides are serious about this consultation".

The talks "enhanced mutual understanding, and established a foundation for solving, each other's concerns", said the statement, stressing that both sides agreed to maintain close communication, while providing few other details. "China does not need to use any other tactics".

The US highlighted China's pledge to purchase more agriculture and other goods, without providing specifics. Both sides have provided scant information about their discussions.

The U.S. stock market was supported by advances by technology and other trade-sensitive sectors. That meeting would likely include a senior Chinese government official along with trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin.

He had earlier warned that if a deal is not reached by March 1, the end of the 90-day grace period, the USA will increase the tariffs on the United States dollars 200 billions of goods from 10 per cent to 25 per cent.

Hundreds of billions in levies.

"Even if a deal is cobbled together, the more strident trade hawks in the White House and Trump may not sign off", said Mizuho Bank's Vishnu Varathan in a report.

Trump, who has been accusing China of indulging in unfair trade practices contributing to the huge trade deficit amounting to United States dollars 375 billion, on Tuesday said the trade talks with Beijing were going on "very well".

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