China signals opening for trade talks with US

Chinese state media has said there would be “no harm” in holding trade talks with the Trump administration, indicating a softening of Beijing’s position as both sides look for a way out of their crushing tariff war.

The gesture comes as Trump has indicated he hopes to negotiate over trade and as the fallout has begun to show in China’s economic data, with factory activity in April dropping the most since 2023 as export orders dried up.

https://www.ft.com/content/e6e66a65-7a9e-4aa5-85a2-e223ca487398