Face to face trade talks RESUME. China's Ministry of Commerce confirms Thursday that high-level trade talks between the US and China will take place next week in Shanghai. The announcement comes just weeks after President Xi Jinping and US President Donald Trump's meeting at the G20 Summit in Japan Osaka. CGTN's Sun Ye has more.

The talks are on again.

GAO FENG SPOKESPERSON, CHINESE MINISTRY OF COMMERCE  "On equal footing and with mutual respect, the 12th round of China-US trade talks will take place in Shanghai on July 30th and 31st."

And Gao says THERE WILL BE agricultural purchases.

But he adds that it's a market decision.

GAO FENG SPOKESPERSON, CHINESE MINISTRY OF COMMERCE "Some Chinese enterprises are looking to import agricultural products from the United States. They have made price inquiries and will sign contracts. The purchases are decided by the enterprises themselves. The new round of trade talks is based on what was agreed on during the two leaders' meeting in Osaka, not directly related to the purchases." 

But much more than that will be on the negotiating table next week.

The ongoing trade disputes have rattled both countries.

The Chinese Commerce Ministry recorded a 20 percent DROP in non-financial direct investment from China to the US in the first half of 2019.

GAO FENG SPOKESPERSON, CHINESE MINISTRY OF COMMERCE "We hope the US can act according to the principles of indiscrimination, treat Chinese investors in a just and fair way, and be transparent and proper in its national security inspection procedures."

Intellectual property rights protection is another thorny point in the trade talks. 

Citing Chinese e-commerce giant Alibaba, US House Representative Doug Collins said in a hearing last week that some Chinese companies' efforts to curb counterfeiting far outstrip their US' counterparts.

GAO FENG SPOKESPERSON, CHINESE MINISTRY OF COMMERCE "It's evident that China has made strides and continued its efforts in IPR protection."

US Treasury Secretary Steven Mnuchin says he expects more meetings than just the upcoming Shanghai talks for a possible deal to be reached.

The Chinese Ministry of Commerce had no promises.

SUN YE BEIJING "While the spokesperson didn't forecast what the next round of talks will bring, he emphasized that it's impossible to imagine the world's two biggest economies to 'decouple', adding that for the benefits of the people in both countries, they should not."

SY, CGTN, BJ.