China Trade Talks Continue Next Week in DC

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Imports in April also showed robust growth of 22% from previous year, up to USD171.7 billion.

China's goods trade rose 8.9 percent year-on-year to 9.11 trillion yuan (about 1.43 trillion US dollars) in the first four months of this year, customs data showed Tuesday.

Exports of mechanical and electrical products rose 8.7 percent year-on-year to 2.84 trillion yuan, accounting for 59.1 percent of the total value of exports. The growing trade surplus comes at a time of escalating friction between Beijing and Washington over the imbalance.

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

US officials traveled to Beijing last week for talks on resolving the dispute between the world's two biggest economies. They included cutting the United States trade deficit with China by $200 billion by the end of 2020 and halting Chinese subsidies for advanced technology industries.

AMU students continue with their protest
District magistrate Chandra Bhushan Singh said "there will be no internet services from 2 pm today to 12 midnight tomorrow". On Thursday, chief minister Yogi Adityanath also called for the removal of Jinnah's portrait.

China's top economic adviser will visit the U.S. next week to continue discussions on the ongoing trade dispute between the two nations after talks in Beijing failed to produce a breakthrough to avert a possible trade war.

"China's top economic advisor, the Vice Premier, will be coming here next week to continue the discussions with the President's economic team", said Sanders who emphasized the "great relationship" between President Trump and Chinese President Xi Jinping. And we are working on something that we think will be great for everybody.

Liu led the Chinese delegation that spent two days negotiating in Beijing last week with Treasury Secretary Steven Mnuchin, Trade Representative Robert Lighthizer and other senior U.S. officials.

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.

The figures Tuesday will likely reinforce Washington's determination after high-level talks in Beijing last week ended with both sides admitting there were big differences to overcome, with threats of tariffs on billions of dollars of goods casting a shadow. China's communist leaders have countered by outlining $50 billion in USA goods that they would target with retaliatory duties on goods including aircraft and soybeans.

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