<pThe U.S. will not send a high-ranking official to attend a major investment fair in China<p"The U.S. government has no current plans for high-level U.S. government participation" in the expo, the official said. "We encourage China to level the playing the field for U.S. goods and services."
<pState media reported that the first-ever China International Import Expo scheduled for Nov. 5-10 in the financial hub of Shanghai has attracted more than 2,800 companies from 130 nations.
<pThe fair aims to advertise China's importance as a market for foreign goods and recent moves to encourage trade and investment amid accusations that it discriminates against foreign companies and unfairly demands they hand over crucial technology.
<pThe event comes as the U.S. has raised tariffs to up to 25 percent on $250 billion of Chinese goods with the possibility of more such measures to come. Beijing has responded with its own tariff hikes on $110 billion of American imports.
<p"China needs to make the necessary reforms to end its unfair practices that are harming the world economy," the embassy official said. "China's return to the path of economic reform and sincere commitment to market-based trade and investment norms would be good for the United States, the world and ultimately good for China."
<pNeither Beijing or Washington has shown any sign of backing down, despite China reporting growth in its $12 trillion-a-year economy slowing to a post-global crisis low of 6.5 percent over a year earlier in September. China's stock market<pU.S. President Donald Trumpelections, while offering no proof, and tensions have risen as well over arms sales to Taiwan and Beijing’s territorial claims in the South China Sea.