SHANGHAI (Reuters) -Chinese President Xi Jinping will visit Shanghai this week, two sources said, showcasing his country's main international financial hub at a time when the trade war with the U.S. has raised the stakes for growth.

Beijing continues to be willing to endure economic hardship to put pressure on the U.S., even as the Trump administration hints at a more conciliatory approach.

President Donald Trump misjudged Beijing by calculating that it would cave into economic pressure, leaving the US unprepared to handle the current tariff standoff, according to an adviser to China’s Foreign Ministry.