In this file photo taken on April 21, 2018, US Treasury Secretary Steve Mnuchin holds a press conference during the IMF/World Bank spring meeting in Washington, DC. / AFP / ANDREW CABALLERO-REYNOLDS
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China said Thursday it doesn't want to see increased trade tensions with the U.S. as the two countries hold talks in Washington this week, but it's prepared for any outcome and will defend its own interests.Spokesman Gao Feng also told reporters that China hopes the U.S. will take "concrete action" to resolve a case involving Chinese tech company ZTE, which Washington hit with a crippling ban on buying from U.S. suppliers after it violated U.S. sanctions.U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He are leading talks in Washington on Thursday and Friday aimed at heading off a trade war between the world's two biggest economies.China has counterpunched by targeting $50 billion in U.S. products.
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