China’s Commerce Minister Wang Wentao emphasized the importance of dialogue and cooperation with the U.S. ahead of a possible meeting between President Xi and Donald Trump. Beijing expressed opposition to decoupling and stressed the need for mutual respect to address issues and promote healthy China-U.S. relations.

The White House confirmed expectations for a meeting between President Trump and President Xi at the upcoming Asia-Pacific Economic Cooperation summit in South Korea. Meanwhile, Vice Minister He Lifeng is set to hold trade talks with U.S. Treasury Secretary Scott Bessent in Malaysia, as part of ongoing efforts to strengthen economic ties.

Commerce Minister Wang spoke at a press conference following the “Fourth Plenum” meeting to discuss five-year development goals. Senior official Han Wenxiu highlighted the importance of achieving breakthroughs in new tech drivers, boosting consumption, and advancing a new energy system to ensure China’s domestic development amid global changes.

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2. Tesla has announced plans to open its network of superchargers to other electric vehicles later this year. The move is seen as a way to increase revenue and promote electric vehicle adoption.

3. Inflation in the U.S. rose 5% in May compared to the same month last year, the largest increase since 2008. The rise in prices is attributed to a combination of factors including supply chain disruptions and pent-up demand.: China strikes conciliatory tone ahead of expected Trump-Xi meeting