'Progress' on trade talks could set stage for deal

The two sides agreed to implement effective measures to promote the balanced development of their bilateral trade.

China will vigorously expand imports of US farm produce, energy products, industrial, manufactured goods and service products to satisfy the needs of China's high-quality economic development and the people's pursuit of a better life, it said.

The two sides exchanged views on China's specific concerns, and the US will seriously respond to China's concerns, according to the statement.

Both sides agreed that it is important to establish an effective two-way implementation mechanism to help ensure that the agreed measures come to fruition. The two sides have reached a principled consensus on the framework and basic elements of the implementation mechanism, which will be improved continuously.

In a statement released after the negotiations, the White House said high-ranking officials from the two countries have engaged in intense and productive negotiations over their economic relationship.

"The two sides showed a helpful willingness to engage on all major issues, and the negotiating sessions featured productive and technical discussions on how to resolve our differences."