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The United States will also continue to pursue litigation against China at the World Trade Organization.

According to the US, China has "aggressively sought to obtain technology" from US companies and undermine US innovation and creativity.

"China does not want, but is not afraid of, a trade war", Hua said. We are ready to take measures if the United States insists on capricious acts, the spokeswoman noted.

Hua also called for handling trade disputes through talks on an equal basis and in a constructive way, which is "in line with the fundamental and long-term interests of both the Chinese and American people, as well as the common aspirations of the worldwide community".

On Tuesday, the White House said the administration would proceed with its proposal to impose 25% tariffs on $50 billion worth of goods from China, and place new limits on Chinese investments in United States high-tech industries.

The renewed threat of tariffs comes ahead of commerce secretary Wilbur Ross's visit to Beijing this week when he will try to get China's agreement to firm numbers for additional U.S. exports to the country.

In response, China says it has the confidence, capability and experience to defend the interests of Chinese people and the core interests of the country. She echoed an earlier statement by the Chinese Commerce Ministry that the White House announcement went against the recent "consensus" reached by the two sides.

The plan to allow full foreign ownership in China's auto industry by 2022 will end a requirement for global automakers to operate through joint ventures that obliged them to share technology with potential Chinese competitors.

Threats of a trade war between the United States and China had hit financial markets hard, although now most economists believe the two will manage to avoid a major economic conflict. But this latest flip-flop could damage the credibility of the USA and President Trump. "I don't know if it's the right thing to do", said Derek Scissors, a China expert at the conversative American Enterprise Institute.

Regulators also promised to cut auto import duties from 25 percent to 15 percent on many vehicles effective July 1.

A foreign ministry spokeswoman complained Wednesday that the US decision to renew a threat to raise duties on a $50 billion list of Chinese goods conflicts with an agreement in mid-May aimed at settling that dispute.

The US government plans to shorten the length of visas issued to some Chinese citizens starting on June 11, the Associated Press reported on Tuesday (May 29), citing the State Department.

"It is important that both sides try to collaborate", he said.

A round of talks in Washington in May ended with a pledge by the Chinese to buy more USA agricultural and energy products, but few firm commitments.