China Premier Li Keqiang is optimistic on US-China relations

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Those discussions are moving along nicely with meetings being scheduled at the G-20 in Argentina.

"It is possible some good positive things could - I say could - come out of President Trump-President Xi talks".

"President Xi Jinping also stressed that China-U.S. trade has always been serving as ballast and a stabilizer for China-U.S. relations".

Trump made no mention of whether the two leaders talked about the USA indictment unveiled Thursday of two companies based in China and Taiwan accusing them of stealing trade secrets from a US semiconductor company, Micron Technology Inc.

Trump and Xi both expressed optimism about resolving their bitter trade disputes ahead of a high-stakes meeting planned for the two leaders at the end of November in Argentina.

Trump imposed new tariffs on roughly half of Chinese imports this summer while Beijing fired back with tariffs on most U.S. products.

Asian stocks rose sharply on Friday on hopes of a trade deal between the United States and China.

However, "policy talks" will determine whether he imposes additional duties, "not an arbitrary timeline", said Kudlow, who served as the Trump campaign's senior economic adviser. The Chinese president also said he would like to meet Trump at the G20.

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Xi was quoted by CCTV as saying after the call with Trump that the two leaders had hoped to expand trade cooperation.

It was the fourth such case since September alleging Chinese espionage on USA economic interests.

Federal Bureau of Investigation director Christopher Wray said the US has filed a civil lawsuit seeking to prevent the two indicted companies, Taiwan-based United Microelectronics Corp. and China's state-owned Fujian Jinhua Integrated Circuit, from exporting any products created using USA trade secrets and blocking the further transfer of trade secrets.

Alexander said he would be discussing trade with Li, though neither of them mentioned the ongoing tariff war in remarks in front of reporters.

"Both leaders attach great importance to China-U.S. ties and economic ties", Lu said.

'We're going way up, and China has been hurt over the last number of months.

The two nations had already imposed tariffs on $50 billion of each other's goods before the September sanctions. "China does not want to see this", he said, according to Xinhua.

Beijing responded by introducing reciprocal tariffs on US-made goods.

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