China remained on course to be more than 30 per cent short of its 2021 commitments under the phase-one trade deal with the United States.

U.S. companies' optimism about business conditions in China has recovered to hit three-year highs even though the firms have reservations about Beijing's COVID-19 policy, an annual survey showed on Thursday.

China's new ambassador to the United States called on Monday for stable and constructive commercial ties between the world's two biggest economies, even as they struggle to resolve political and trade differences, a trade group said.

The White House is close to announcing investigations into Chinese use of industrial subsidies, the prelude to imposition of tariffs. The probes are known as “301s”, the section of US trade law that allows them.

Last week, the United States Trade Representative (USTR) Ambassador Katherine Tai met virtually with the U.S. Chamber China Center Advisory Board and the leadership of the U.S.-China Business Council to discuss the two countries' trade issues, covering the challenges and opportunities within China's market.

The Biden administration’s moves to pull out troops from Afghanistan and Iraq mean there will be more American focus on dealing with China, and India could benefit from U.S. investment that is leaving China if the Modi government becomes more transparent in policy-making and “open for business”, said Indo-U.S. trade body chief Mukesh Aghi.

Seven months since U.S. President Joe Biden took office, his administration has yet to establish a trade policy with China.

The lack of a clear agenda on trade and investment policy toward China by the Biden administration has created uncertainty that is hurting American companies that aim to do business with the country, the president of an influential U.S.-China business group said on Wednesday.

Greg Dalpe, a manufacturing executive in Upstate New York, expected President Biden to undo the damage his White House predecessor had done to trade links with China. Instead, the new president has only made things worse.

The US business community has piled pressured on the White House to restart trade talks and adjust tariffs with China.