American officials due in Beijing for talks on trade battle

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"I think we will make a deal with China", Trump told reporters at the White House after a meeting with Democratic and Republican lawmakers about the USA government shutdown.

"China's not doing well now".

"The negotiations next week are important because they will establish expectations, but we shouldn't expect major breakthroughs", said Mr Myron Brilliant, vice-president of worldwide affairs at the US Chamber of Commerce.

The Dow dropped 660 points, or 2.8%, on Thursday after Apple (APPL ) warned it will badly miss its quarterly sales forecast because of weaker growth in China and the trade war.

The makeup of the US team was announced Friday by the trade representative's office. Growth is expected by the government to have eased to around 6.5 percent in 2018, down from 6.9 percent in 2017.

"They're going to be fine". They complain China's companies are treated unfairly in national security reviews of proposed corporate acquisitions, though nearly all deals are approved unchanged. "China is the biggest beneficiary of Apple, more than us, because they build their product mostly in China", Trump said. "And that'll take place".

After a global sell-off triggered by Apple's warning of lower revenues, Hong Kong's Hang Seng Index climbed 2.2 percent to 25, 626.03 and the Shanghai Composite Index jumped 2.1 percent to 2, 514.87.

It said the American delegation will be led by the deputy US trade representative, Jeffrey Gerrish, but offered no other details. The talks begin on Monday. Some U.S. demands would require structural reform that may be unpalatable for Chinese leaders.

China and the United States will hold vice ministerial-level trade talks in Beijing on January 7-8, as the two sides look to end a dispute that is inflicting increasing pain on both economies and roiling global financial markets.

Other administration officials at the talks will include Mr Gregg Doud, the US Trade Representative's chief agricultural negotiator, and Mr David Malpass, the Treasury Department's Undersecretary for International Affairs, said the sources.

China would deepen reform but will not yield on issues it deems to be its core national interests, a commentary in the ruling Communist Party's official newspaper said on Wednesday. The White House is yet to confirm the talks. "Now, the question is can we negotiate these changes and can we do so with enforcement (and) with timetables".