Rebound in exports sign of resilience, confidence The total value of China's imports and exports in May reached 3.45 trillion yuan, up 9.6 percent year-on-year, lifting the trade value for the first five months to 16.04 trillion yuan, or 8.3 percent higher than a year ago.

US mulls lifting some China tariffs to fight inflation Biden has said he is considering removing some of the tariffs imposed on hundreds of billions of dollars worth of Chinese goods by his predecessor in 2018 and 2019.

Ports in Shanghai restore normal capacity as orders pick up Cargo volumes of Shanghai’s shipping ports and air transportation have rebounded to more than 95% of their normal levels over the past week as the city is recovering from a wave of COVID-19 after strict lockdown measures for two months.