The European Union is refusing to hold an economic meeting with China due to a lack of progress on trade disputes, the Financial Times reports, underscoring tensions between the two sides even as Beijing tries to warm ties.

New Zealand's Prime Minister Christopher Luxon will visit China from Tuesday, looking to foster trade ties and woo tourists and students, although thorny issues of security and defence will figure on his agenda in meetings with top leaders.

The United States and China have agreed on a framework to implement their trade truce, officials on both sides said Wednesday, after concluding two days of talks in London to defuse tensions and ease export restrictions that threaten to disrupt global manufacturing.

The tentative agreement between the White House and Beijing would, among other things, allow Chinese students into American universities again.

The renewed U.S.-China trade truce struck in London left a key area of export restrictions tied to national security untouched, an unresolved conflict that threatens a more comprehensive deal, two people briefed on detailed outcomes of the talks told Reuters.

President Trump is trying to further open up China’s market to U.S. companies as Beijing’s appetite for the rest of the world’s exports is diminishing.

President Donald Trump and officials from China announced that they have agreed on a framework for a trade deal between the two major economic powers.

If a handshake agreement holds, it will merely undo some of the damage from the trade war that President Trump started.

By Sam Li, Sudarshan Varadhan and Hongmei Li BEIJING/SINGAPORE (Reuters) - China sent a rare shipment of at least three cargoes of coking coal to processors in Indonesia's Sulawesi in May, sources familiar with the matter said,

United States and Chinese officials said they had agreed on a framework for a trade truce, which removed China's export restrictions on rare earths.

Retail sales jumped 6.4% from a year earlier in May, sharply beating analysts' estimates for a 5% growth and accelerating from the 5.1% growth in the previous month. Growth in industrial output slowed to 5.