A working team led by Deputy US Trade Representative Jeffrey Gerrish will come to China to have "positive and constructive discussions" with Chinese counterparts, China's commerce ministry said in a statement on its website.
The Trump administration and China are facing growing pressure to blink in their six-month stare-down over trade because of jittery markets and portents of economic weakness.
The arrest highlighted the intensifying clash between the world's top two economies over technology.
The sharp slowdown in China and weakness elsewhere also threaten to leave USA consumers, whose spending accounts for more than two-thirds of US economic activity and who so far have been eager to spend in an era of rising household incomes and wages, as the chief bulwark against a broader world downturn. The trade war is now in a temporary truce, but should that change the economic fallout threatens to hobble global economic growth.
China's economy has lost momentum in the past year as the governmenthas tried to curb risky lending. The International Monetary Fund estimates that China's economy grew about 6.6 per cent in 2018, down from 6.9 per cent in 2017. US officials have said that if the talks fail to produce a satisfactory agreement Washington will increase tariffs on $200 billion of Chinese goods from 10 percent to 25 percent.More news: Elizabeth Warren hires Obama's chief digital strategist
The U.S. Federal Reserve's interest rate increases have caused investors to move in and out of various markets, hitting some emerging markets hard.
The U.S. manufacturing sector has begun to slow, and the Institute of Supply Management's survey of corporate purchasing managers on Monday showed the largest monthly decline since the depths of the recession in December 2008. Auto sales tumbled 16 percent in November over a year earlier and weak real estate sales are forcing developers to cut prices.
"The trade tensions between the United States and China put additional pressure on their economy", Cook said in an interview with CNBC Wednesday.
Instead, more than 70 percent of USA firms operating in southern China are putting off further investment there and moving some or all of their manufacturing to other countries.
Wendy Cutler, a former USA trade negotiator, said the US likely can't realistically settle for anything less than an agreement by Beijing to reform how it does business. Both countries chose to suspend imposition of new tariffs on each other for the next 90 days and implement consensus that were reached between both presidents during the G20 meeting earlier this month.