Kudlow said a meeting between Trump and Chinese President Xi Jinping later this month at the G-20 summit was definite and would include trade talks.
President Donald Trump has not asked US officials to draw up a proposed trade plan for China, White House economic adviser Larry Kudlow said Friday.
Despite the promise offered by the Trump-Xi telephone call, the level of tension between the two nations was demonstrated just hours after it ended when the USA filed charges against Chinese technology firm Fujian Jinhua Integrated Circuit Co and its Taiwanese partner. Washington, Europe and other trading partners say those violate China's market-opening obligations and some American officials worry they might erode U.S. industrial leadership.
"Dollar moderation, the stabilising trade relationship between USA and China and more stimulus from Beijing will be the key ingredients to revive market confidence in Asia".
"Both leaders attach great importance to China-US ties and economic ties", Lu said.
The telephone conversation on Thursday was Trump and Xi's first publicly disclosed call in six months.
Jacob Parker, vice president of China operations at the U.S.
In the phone call with Trump, Xi also said he and Trump hoped to expand bilateral trade cooperation, he was quoted as saying on CCTV state television.
The two countries have been locked in an escalating trade war this year, with each side imposing tariffs on hundreds of billions of dollars' worth of imports from the other.
Xi responded to the call by saying he hopes China and the US will be able to promote a steady and healthy relationship, Chinese state media reported Thursday.
Trump said that in early October China wanted to come in and make a deal, but he told them they weren't ready.
The HSI and Shanghai were already buoyant after Beijing said it would introduce measures to kickstart the stuttering economy following a string of weak data, including growth at its slowest pace in nine years during the third quarter.
Kudlow believes China is getting isolated in the ongoing trade war, as the United States, Japan, and the European Union officials met in September in NY on the sidelines of the U.N. General Assembly and reached a deal to tackle China's unfair trade practices.
Trump said he also talked with Xi about "many subjects", including a "good discussion" on North Korea, where Trump is trying to negotiate an end to Pyongyang's nuclear weapons program.
Although U.S. -China relations have been rocky, Keqiang said he is optimistic both nations can work together in the spirit of mutual respect.
Fujian Jinhua Integrated Circuit Co and Taiwan's United Microelectronics Corp were indicted along with three individuals, the Justice Department said. He said further meetings with Xi are being scheduled for the G-20 summit of the world's biggest economies, set for November 30 in Buenos Aires, the first ever such summit in South America.
Beijing has hit back with its own duties on U.S. imports.
China has responded with retaliatory duties on $110-billion worth of USA goods.