The booth area for the International Import Expo (CIIE) slated for November in Shanghai has been over-booked by 20 percent, Chinese Commerce Minister Zhong Shan said Sunday.
Different statistical methods widen US trade deficit with China by around 20 percent, Chinese commerce minister said Sunday.
"Any trade war would not create winners and it would only bring disastrous results" for China, the United States and the rest of the world, Zhong said at a press conference on the sidelines of the National People's Congress, China's parliament.
Beijing and Washington have agreed to hold talks in Beijing in the near future to discuss economic and trade matters. Specific details were not given, but Zhong pledged to give equal treatment to domestic and foreign businesses alike while continuing to curb "irrational overseas investment" from within China.
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The US administration asked China for a plan to cut the annual US trade deficit with the nation by $100 billion, a White House official said last Friday.
Mr Zhong said a panel of experts tasked with conducting a comparative study of differences in trade statistics between the two countries repeatedly found that the US' trade deficit with China was overestimated by about 20 per cent each year.
Trade tensions between China and the USA have risen since Mr Trump took office.
As China's exports surged in February its monthly surplus with the U.S. widened from a year earlier to $20.96 billion, according to data from the customs bureau.
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China will provide support for participants and exempt least-developed countries from the exhibition fee, he said.
"We are still in talks, and we are sure that both sides will continue to talk about the next step", he added.
US President Donald Trump this week delivered on his campaign promises to get tough on trade by imposing tariffs of 25 per cent and 10 per cent on steel and aluminium imports, respectively.
In response to that, China expressed "opposition" to the tariffs imposed by the United States on the imports of steel and aluminum, saying the move will undermine normal worldwide trade order.
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