Senior China diplomat says trade talks with U.S. have made 'much positive progress'

Trade talks between China and the United States to date have achieved "much positive progress," a senior Chinese diplomat said on Tuesday, as senior U.S. officials have arrived in Beijing for the latest round of talks.

A statement issued by China's foreign ministry quoted State Councillor Wang Yi as saying during a meeting with former U.S. lawmakers that he hopes the two countries can reach a mutually beneficial agreement on trade.