As the countdown to high level talks between the U.S. and China inch closer -there were conflicting signals. Chinese officials told Reuters Wednesday, expectations for any progress were lowered after moves taken this week by Washington. Beijing is reportedly open to a partial trade agreement with the United States, according to Bloomberg, with some Chinese officials concerned the two sides can't secure a broad agreement. In another signal, China is now prepared to boost annual purchases of U.S. agricultural products like soybeans by more than $3 billion, according to the Financial Times. This would be on top of additional soybean and pork purchases made last month. Worried investors in the U.S. and Europe took those as reasons to be optimistic, breaking a three-day losing streak on Wall Street. But there is still cause for concern. In retaliation to U.S. visa restrictions announced by the State Department, China is planning to tighten visas for U.S. nationals with ties to anti-China groups, according to sources. A Chinese Foreign Ministry spokesman tried to downplay the report.
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