China, U.S. confirm importance of talks to avoid trade conflict

The foreign chiefs of China and the United States have shared the view that talks are important to resolve an ongoing trade dispute between the world's two largest economies, Beijing's state-run media reported Friday.Chinese Foreign Minister Wang Yi and U.S. Secretary of State Mike Pompeo met in Singapore, days after Washington said it will contemplate more than doubling the proposed tariffs on $200 billion of Chinese goods to 25 percent.So far, Washington and Beijing have shown no signs of trying to find a middle ground, sparking fears that their full-fledged trade war will stifle the glob…READ FULL ARTICLE