China has announced a barrage of measures meant to counter the blow to its economy from U.S. President Donald Trump ’s trade war, as the two sides prepare for talks later this week. Beijing's central bank governor and other top financial officials outlined plans to cut interest rates and reduce bank reserve requirements to help free

Opposite U.S. officials for talks on Saturday aimed at breaking a trade deadlock between the world's top two economies will be He Lifeng, a longtime confidant of Chinese President Xi Jinping who has slowly cultivated a reputation as a key fixer.

US and Chinese officials are set to start talks this week to try to deescalate a trade war between the world's two biggest economies. Chinese Vice Premier He Lifeng will attend the talks in Switzerland from 9 to 12 May, China's Ministry of Foreign Affairs says.