The talks are taking longer than expected as the Chinese commerce ministry had said last week that the meetings would take place on Monday and Tuesday.
USA negotiators are headed into talks with Chinese counterparts as the two countries seek a deal to end a trade war that has raised fears of global economic turmoil.
Beijing's growing commercial and political ties with its neighbours will make it harder for Washington to find "Asian countries willing to stand at its side and help contain China", the newspaper said.
China claims nearly all of the South China Sea and has constructed military installations in artificial islands built by it.
Wall Street stocks rose for the third straight session on Tuesday (Jan 8), boosted by optimism over US-China trade talks.
The trade talks are the result of an agreement last month between U.S. President Donald Trump and Chinese President Xi Jinping to stop the tit-for-tat tariff conflict between the two countries for 90 days starting on New Year's Day.
The US guided-missile destroyer McCampbell sailed near the disputed Paracel Islands in the South China Sea as officials of both the countries kicked off their first face-to-face talks here to resolve the trade dispute during which the world's top two economies have imposed import duties on more than Dollars 300 billion of each other's goods.
Trump imposed import tariffs on hundreds of billions of dollars of Chinese goods a year ago and threatened more to pressure Beijing to change its practices on issues ranging from industrial subsidies to intellectual property and hacking. They have tried to defuse pressure for more sweeping change by offering trade concessions including purchasing more American soybeans, natural gas and other exports.
They are different to the Spratley Islands - a series of artificial islands constructed by the Chinese and which have been fitted with military bases and airfields.
The U.S. Navy deployed its Arleigh Burke-class guided-missile destroyer USS McCampbell into the contested waters just 12 nautical miles from Paracel Islands, one of the numerous land formations claimed by China as well as other nations in the region.
Ross said there was a "very good chance" of reaching an agreement, although monitoring compliance would present a challenge.
He and Chinese President Xi Jinping agreed December 1 to postpone more tariff hikes on each other's goods for 90 days while they negotiate.
The Global Times said China's growing economy means it can "carry out a more intense boycott" of trade with the United States if needed.
Trump said on Sunday that trade talks with China were going very well and that weakness in the Chinese economy gave Beijing a reason to work towards a deal.
Chinese growth fell to a post-global crisis low of 6.5 percent in the quarter ending in September. China's Ministry of Commerce specifically promoted "new progress" on one of two trade calls during which trade imbalances and intellectual property protections were discussed. They complain China's companies are treated unfairly in national security reviews of proposed corporate acquisitions, though nearly all deals are approved unchanged.