China Trade Surplus with US Grew Sharply in April

India’s trade minister Suresh Prabhu has hailed the move by China

Top Chinese economic adviser to visit US next week for trade talks

The United States and China will hold a new round of trade talks after no breakthroughs emerged from their first meeting.

US officials visited Beijing last week for talks on cooling rising tensions between the world's two largest economies over trade and technology issues.

Trump directed Trade Representative Lighthizer in early April to look at the potential of imposing $50 billion in tariffs on Chinese imports.

Analysts polled by Reuters had expected April shipments from the world's largest exporter to have risen 6.3 percent on year, bouncing back from a 2.7 percent decline the previous month that was believed to have been heavily distorted by seasonal factors.

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The row has fuelled worries about a trade war between the economic superpowers that has the potential to hammer the global economy.

"China's top economic advisor, the Vice Premier, will be coming here next week to continue the discussions with the President's economic team", White House Press Secretary Sarah Sanders announced during a routine press conference on Monday.

Trump has threatened to hike tariffs on $150 billion in Chinese imports. In addition, the USA president wants sharply lower import tariffs for U.S. goods and a cut in Chinese state subsidies for advanced technologies.

Trade discussions between China and the USA have intensified as Trump has targeted the trade imbalance between the two countries and insufficient intellectual property protections in China.

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Just hours after the steel and aluminum tariffs had been announced, Kudlow told reporters that the Trump administration was mulling over providing China with a list of what the US wants to see happen on trade with China. Its imports from the U.S. rose 11.6 per cent in the same period.

For January-April combined, exports rose 16.5 percent, and imports rose 19.6 percent on year, suggesting global demand remains resilient despite concerns about rising trade protectionism.

In the first four months, China imported more iron ore, crude oil and copper products while purchasing less soybean products from overseas, according to the GAC.

In April, goods trade surplus shrank by 27 percent to 182.8 billion yuan, as exports rose 3.7 percent year-on-year to 1.27 trillion yuan, while imports grew 11.6 percent to 1.09 trillion yuan, according to the GAC.

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