China’s statistics bureau announced positive industrial data for May, but had to cancel a press conference due to a new coronavirus outbreak in Beijing.
China imposed tariffs on Australian barley and banned certain exports of beef three weeks ago, but there still has been no communication between the respective top trade ministers.
Beijing wants to keep the urban unemployment rate steady at about 6 per cent while creating 9 million jobs this year. Analysts say it will need economic growth of 3 per cent.