Beijing’s top envoy in Washington has emphasised the need for “shared prosperity”, framing a possible summit between US President Donald Trump and Chinese President Xi Jinping next week in South Korea as an opportunity for cooperation rather than confrontation.

“In this chaotic world, we have 1,000 reasons to get China-US relations right,” he said.

“We hope the US side will cooperate with us, acting in accordance with the common understandings reached between the two presidents and in line with the principles of mutual respect, peaceful coexistence and win-win cooperation.”

US-China relations are experiencing a resurgence of trade tensions characterised by tit-for-tat measures that have disrupted global supply chains and rattled financial markets. This comes after a period of relative stability earlier in the year.

High-level delegations from both sides descended on Kuala Lumpur, Malaysia, on Saturday for a critical round of economic and trade consultations.