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1. China cuts US Treasury stockpiles to the lowest level since 2009
China trimmed its US Treasury holdings for a third straight month in May, amid escalating trade tensions with Washington and mounting concerns over a sweeping tax and spending bill.
2. Fentanyl likely on US-China trade agenda after long absence: analysts
The trafficking of materials to make the drug fentanyl – the issue cited by the US in its initial tariff escalation against China in March – is set to be back in focus for future talks, analysts said, after two previous rounds did not appear to broach the subject.
3. China’s influential marketisation index declines, sparking calls for reforms
Chinese economists have called for more pro-market reforms to tackle economic imbalances and vicious intra-industry competition, as a new report has revealed a decline in a major index tracking the country’s marketisation.