China's imports of major commodities lost momentum in May, with crude oil, coal, iron ore and copper all recording declines amid concerns about growth in the world's second-biggest economy.

London — The U.S. and China have agreed in principle on a framework to carry out an agreement they reached on resolving their trade disputes last month, Chinese state media said. The announcement followed Tuesday's conclusion of two days of talks in London.

China's consumer prices continued their four-month deflationary streak in May 2025, falling 0.1% year-on-year. This slight dip, which matched the previous two months and was a smaller decline than the 0.

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China has reported its exports rose 4.8% in May from a year earlier, lower than expected as shipments to the United States fell nearly 10%

A U.S.-China trade truce wasn’t enough to stem a sharp drop in shipments from China to America last month.

China's iron ore imports in May missed expectations, dropping 4.9% from April, as mills exercised caution in buying seaborne cargoes in anticipation of seasonally slower steel consumption.The world's largest iron ore consumer brought in 98.

One expert said he expected loosened controls on U.S. exports of semiconductors in exchange for China's releasing of more rare earths.