China's factory activity likely contracted in April, a Reuters poll showed on Tuesday, as Donald Trump's "Liberation Day" package of tariffs brought a sudden halt to two months of recovery. A Reuters poll of 30 economists forecast the official purchasing managers' index (PMI) will come in at 49.

Temu has a new import charge that more than doubles the price of many items shipped from China, in response to imposed tariffs by the U.S.

Chinese officials vowed to provide more support for exporters affected by US President Donald Trump’s tariffs, showing greater urgency to shore up the crucial sector while denying having had any trade talks with Washington.