China has accused the United States of blackmail and says it will retaliate for the latest set of tariffs threatened by Washington.
Beijing and Berlin have signed agreements to boost cooperation in the banking and insurance sectors. A trade spat with the US has left China looking for other trade partners.
Despite Washington's efforts, China's trade surplus with the US grew by more than 17 percent in 2018, according to data provided by Beijing. US exports to China grew by less than one percent last year.
DW spoke with economist Yukon Huang about common misconceptions over the US-China economic rivalry, and how both sides are only trying to save face while not addressing core problems that will take many years to solve.
US officials are in China on Monday for the start of fresh trade negotiations. What's on the agenda — and what progress could be made as another deadline looms in the trade battle between Beijing and Washington?
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