The meetings in Beijing were the first formal trade negotiations between the two sides since President Donald Trump and Chinese leader Xi Jinping agreed to a truce at the G20 summit in Argentina last month.
Chinese exports to the US have held up despite tariff increases of up to 25 percent on $250 billion of Chinese imports, partly due to exporters rushing to fill orders before more increases hit.
"Talks with China are going very well!".
The Trump administration is dealing with an increasingly strong China that has its own pressing needs, said the Global Times, which is published by the ruling Communist Party.
But what, if anything, can markets expect from the current dialogue, and where do we go from here?
"The trade situation is definitely bullish; you have a good demand construction if we can wrap up this trade deal", said Bob Yawger, director of futures at Mizuho in NY.
Official U.S. fuel storage data from the Energy Information Administration (EIA) is due at 1800 GMT on Wednesday.
While Beijing could take "easy steps" like importing soybeans, cotton and liquefied natural gas from the United States, there would be greater difficulties on the technology front, including China proving its commitment to intellectual property rights with penalties on violators and addressing U.S. restrictions on China's electronic components, Pang said.
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World stocks extend their gains to hit a near-four week high and oil prices rose today on optimism that the United States and China may be inching towards a trade deal, soothing fears an all-out trade war could hit a slowing global economy.
Ministry spokesman Lu Kang said Monday during a routine briefing that Chinese military aircraft and naval vessels were dispatched to identify the US vessel and warn it to leave the area near disputed islands in the South China Sea.
"Talks with China are going very well!". That includes giving specific dates for making purchases, and making assurances that Beijing won't hinder USA companies from gaining access to China's market. They complain China's companies are treated unfairly in national security reviews of proposed corporate acquisitions, though nearly all deals are approved unchanged.
Companies that have been disappointed by Beijing's failure or delays in carrying out commitments want an enforcement mechanism with "some kind of penalty for not doing what they promised", said Parker. Trump has given U.S. Trade Representative Lighthizer until March 1 to negotiate an accord with the Chinese on "structural changes" to Beijing's state-driven economic model.
Trump has been demanding China to drastically reduce the $375 billion trade deficit and ensure IPR production for USA technology and services. More senior-level discussions could take place this month, with the South China Morning Post reporting that Trump and Chinese Vice President Wang Qishan may meet at the World Economic Forum in Davos, Switzerland.
China's foreign ministry confirmed the negotiations had ended in Beijing but declined to comment on the outcome, saying details would be released later.
Trump is increasingly eager to reach an agreement to help lift the markets, Bloomberg reported, citing people familiar with internal White House deliberations. The U.S. delegation - which is being led by Deputy Trade Representative Jeffrey Gerrish - is requesting China be specific on what U.S. products it will buy and on what specific dates.