White House economic adviser Larry Kudlow gestures as he walks through a hotel lobby in Beijing on May 3, 2018. / AFP / GREG BAKER
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Top U.S. and Chinese officials prepared Thursday to kick off crucial trade talks in Beijing but both sides sought to dampen expectations for a quick resolution to a heated dispute between the world's two largest economies.The U.S. delegation includes seven senior officials: Treasury Secretary Steven Mnuchin, Commerce Secretary Wilbur Ross, U.S. Trade Representative Robert Lighthizer, White House economic advisers Peter Navarro, Larry Kudlow, Everett Eissenstat and U.S. Ambassador to China Terry Branstad.U.S. officials are concerned about Beijing's 'Made in China 2025' industrial policy which they see as a Chinese plan to dominate key high tech industries.Last month, Washington banned Chinese telecom and smartphone giant ZTE from purchasing crucial U.S. components for seven years -- threatening the company's survival -- as punishment for breaking U.S. export controls.
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