US and China agree to talk on export controls

The two will set up a group to discuss other commercial issues as well

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US Commerce secretary Gina Raimondo said she and her Chinese counterpart agreed on Monday to exchange information on US export controls that frustrate Beijing and set up a group to discuss other commercial issues, but neither side appeared ready to make concessions on disputes that have plunged relations to their lowest level in decades.

Raimondo joined American officials including treasury secretary Janet Yellen in July who have visited China in hopes of reviving chilly relations. They expressed optimism about improving communication but no progress on conflicts over technology, security, human rights and a lingering tariff war.

For its part, Chinese leader Xi Jinping's government wants to revive foreign investor interest in China as it tries to reverse a deepening economic slump.