China President Xi says there will be no winners in trade war

China's President Xi Jinping has stressed that there will be no winners in trade wars, indicating that the country aims to stabilize bilateral relations with the United States.

Xi made the remark at a meeting with heads of major international economic organizations, including the International Monetary Fund and World Trade Organization, in Beijing on Tuesday.

Xi said China is willing to maintain dialogue, expand cooperation and manage differences with the US government. He also said China hopes the US will work with the country to push bilateral relations in a steady, healthy and sustainable direction.