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The US president hopes the two economic teams work together to actively resolve the issues in bilateral economic and trade relations. He said the two countries should strengthen trade and investment cooperation in the energy and manufacturing sectors, expand agricultural trade and market access and bolster cooperation in protecting intellectual property rights to bring more practical benefits to the two peoples.

The US side also pledged to continue to raise concerns about the human rights crisis in Xinjiang, according to Reuters.

The US should recognize China's developmental economic model, and China should open its market much more, while establishing a fair business environment in which foreign companies can compete, suggested Kuhn. He acknowledged China's efforts in protecting intellectual property and its pledges not to require US companies to transfer technology.

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The United Nations released new population projections, indicating that humankind's numbers are expected to reach 9.7 billion by 2050 and India is poised to overtake China as the world's most populous nation around 2027.

The US Labor Department said Thursday that 1.3 million workers filed jobless claims for the week ending July 11, a decline of 10,000 from the previous week. Economists polled by Dow Jones expected 1.25 million new claims.

The US carmaker said the facility, which is adjacent to GM China's headquarters, will grow to more than 5,000 square meters. It said the upgrade started earlier this month, with completion set for the second quarter of 2021.

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The US core inflation rate, excluding food and energy, is 1.7 percent, or three-tenths of 1 percent below the Fed's target of 2 percent. Inflation remains low despite tariffs, full employment and rising wages.

The United States has 75,000 test kits for coronavirus and will expand that number "radically" in coming weeks, US Health and Human Services Secretary Alex Azar told ABC's "This Week" on Sunday.

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The UAE embassy in China on Wednesday held a ceremony celebrating UAE Woman's Day, in partnership with the Women's Association for Young Entrepreneurship.

The United States designated the IRGC as a "foreign terrorist organization" in early April, an unprecedented move which further complicated the Middle East situation.