BEIJING-Chinese exports rebounded in April, as companies rushed to make shipments ahead of expected tariffs brought on by trade tensions with the U.S.
Julian Evans-Pritchard, an economist at Capital Economics, said despite a seasonal uptick in export growth, the data suggest that foreign demand for Chinese goods has started to soften, with the prospect of possible U.S. tariffs weighing on the outlook.
Chinese Vice Premier Liu He was involved in the Beijing-based trade talks with the USA trade delegation.
Imports expanded 12.9 percent year-on-year in dollar terms, leaving the country's global trade surplus for the month at $28.8 billion, a turnaround from a $5 billion deficit the month before.
China's top economic adviser will visit the USA 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 fuel imports grew 21 percent on-year to 3.01 million tonnes. "The President has a great relationship with (Chinese) President Xi (Jinping), and we are working on something that we think will be great for everybody", Sanders said.
"We believe this shows the USA wishes to reach a consensus with China on trade issues", ministry spokesperson Geng Shuang said at a regular media briefing.
The country's surplus with the US expanded to $22.19B - compared with a surplus of $15.43B in March. President Donald Trump's demands that China slash its surplus with the US have become a cornerstone of his combative economic policy. For January-April, it rose to US$80.4 billion, compared with about US$71 billion in the same period a year ago.
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.
China's Commerce Ministry said the two sides had agreed to establish a mechanism to try to resolve their dispute, though differences remained, Chinese state media reported. China's communist leaders have countered by outlining $50 billion in USA goods that they would target with retaliatory duties.