“There is an urgent need for us to speed up the internet economy and work for governance that is more fair and equitable,” Xi said.

Secretary of State Mike Pompeo, Defense Secretary Jim Mattis, Chinese politburo member Yang Jiechi and Defense Minister Wei Fenghe will take part in the talks, a statement from U.S. State Department said on Monday.

Americans need to learn that not every crisis is caused by ill will, while China must evolve beyond the model of being the leading great power of Asia, Kissinger said.

Australia is latest nation to ease tension with a China preoccupied by US trade war.

Letter to telecoms operators is aimed at China’s Huawei, says industry.

"The Chinese side is ready to have a discussion with the US on issues of mutual concern and work for a solution on trade acceptable to both sides," he added.

Mike Pompeo to meet with a top North Korean official on Thursday.

Months into the U.S.-China trade spat, large firms are flagging the costs, warning of future hit.

China would accelerate opening the education, telecommunications and cultural sectors, while protecting foreign companies’ interests, Xi said.

Trump asked key cabinet secretaries to have their staff draw up a potential deal to signal a ceasefire in an escalating trade conflict, the people said, adding that multiple agencies are involved in the drafting of the plan.