China Trade Discussion Continues Next Week

China's April exports bounce back more than expected despite trade dispute with US

For January-April, it rose to US$80.4 billion, compared with about US$71 billion in the same period previous year.

United States President Donald Trump on Wednesday (local time) said the bilateral trade talks with China must bring a beneficial outcome for the USA businesses.

Trump also reiterated his commitment to ensuring that the US and China have a balanced investment and trade relationship, according to the statement.

Both of those figures, denominated in USA dollars, surpassed analysts expectations: An economist poll had predicted 16% import growth and 6.3% export growth.

Overall, China's April trade balance was a positive $28.78 billion, topping a Reuters poll prediction of $24.7 billion.

A Reuters report citing sources said China had offered to buy more USA goods and lower tariffs on some goods, including cars.

Ross was part of a US delegation led by Treasury Secretary Steven Mnuchin that met May 3-4 in Beijing with senior Chinese officials led by Vice Premier Liu He.




WALL STREET: U.S. stocks closed modestly higher Monday, extending gains from last week, with advances for technology companies and banks outweighing losses for consumer goods companies.

On North Korea, both sides reiterated the need to denuclearise the country.

Also on Tuesday, Kim Jong-un made his second surprise visit to China in just over a month, in another sign of warming relations between the two communist states just weeks ahead of Kim's planned meeting with Trump.

"Xi Jinping reiterated China's position on the Korean Peninsula issue and emphasised that China supports the USA and [North Korea] leaders' meetings", according to the state-owned China News Service.

The Chinese president reportedly called on the United States and North Korea to build mutual trust to jointly push for a political solution to the Korean Peninsula issue.

As reported by the South China Morning Post President Xi, in turn, called for a "mutually beneficial" result of talks in the backdrop of a volatile bilateral trade environment.

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