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Much is riding on the current sixth round of trade talks as both countries feel the pinch of tariff tensions.
China's economy is one of the world's most robust, but growth has been falling due to external, internal pressures.
This diplomatic spat comes amid persistent tensions between the US and China over trade imbalances.
After a war of words, China's Xi and America's Trump agree to no new trade tariffs ... for now.
"[We] will take necessary measures and safeguard legitimate rights and interests of Chinese businesses," Beijing said.
Chinese tourists have been the fastest growing number of global travelers in the past 10 years.
Thousands of Chinese troops and military hardware are participating in Vostok 2018.
Beijing will offer $60 billion in financing to Africa-centric projects over the next three years.
South Korea said it regretted Trump's decision to cancel Pompeo's trip to Pyongyang.
The Ministry of Commerce said that it is pursuing a resolution through the WTO dispute settlement mechanism
