US, China trade talks draw closer to final deal, says White House

Trade talks between the US and China are progressing and both sides hope to get closer to a deal this week, White House economic adviser Larry Kudlow said on Wednesday as negotiators prepared to start a fresh round of talks in Washington. 

Talks between the two economic powerhouses made good headway last week in Beijing, Kudlow told reporters at an event hosted by the Christian Science Monitor. Kudlow said China has acknowledged problems of intellectual property theft, forced technology transfer and hacking for the first time as a result of the trade talks.