US President Donald Trump has said, Washington is doing very well in trade talks with China. Speaking at the White House, Mr Trump argued that China has skewed the trading rules for decades and must agree to substantial reductions in import barriers while boosting protection for US intellectual property.

Chinese Vice President Wang Qishan told an audience at the World Economic Forum in Davos that the Chinese and US economies are mutually indispensable, so their relations must be mutually beneficial and win-win.