"We look forward to finalizing Phase One of the historic trade deal with China within the same time frame, and when we have an announcement, we'll let you know", White House spokesman Hogan Gidley said in an email.
The ministry, in a statement, said the two sides remain in close communication and that the lead trade negotiators will hold a telephone call on Friday.
The optimistic notes offered reassurance to global markets after almost 16 months of tit-for-tat tariffs.
The Trump administration stalled planned tariff escalations in mid-October as it announced a "phase one" agreement with China, which Trump said included a variety of unspecified commitments on technology rules and agricultural purchases. -China discussions said the teams have been looking at other locations in recent weeks as demonstrations that caused the cancellation of the APEC summit escalated in Chile.
"I'm quite optimistic", Kudlow told Fox Business Network as the trade talks were underway.
"They're still on the table until this phase one deal is completed, or worst case not completed", Kudlow said in an interview on Bloomberg Television.
"Even if they do get a phase one, a phase two is going to be substantially more hard because all the really hard issues are being deferred", said Eswar Prasad, who once led the IMF's China team and is now at Cornell University.
For now, Kudlow said planned US tariffs on Chinese-made laptops, toys and other goods that are due to go into effect on December 15 would remain on the table. President Donald Trump said on Monday that they have been moving "ahead of schedule", adding that the phase one agreement would "take care of the farmers" and "also take care of a lot of the banking needs".
U.S. President Donald Trump and Chinese President Xi Jinping were set to meet during the two-day Asia-Pacific Economic Cooperation summit starting November 16 to formally sign off on a plan that would amount to a tentative truce to their ongoing tariffs dispute. "We'd love the timing to be similar, but it will all be determined". They've also made "excellent progress" on the issue of intellectual property theft, he said.
He said the thorny issue of technology transfer to China would be pushed back to a second-phase trade deal.
USA and Chinese negotiators had made "enormous progress" toward finalizing a "phase one" agreement, although the deal was not yet 100% complete, White House economic adviser Larry Kudlow told reporters on Friday. China is "going to give 100% ownership to American companies in China, securities firms, insurance, investment, and so forth".
China's Ministry of Justice published the draft rule, created to facilitate a foreign investment law that would take effect on January 1 next year.