The news. The narrative. The timeline.
Bureau: Beijing
Inside an oil shock that should weaken Chinese manufacturing, the April PMI did the opposite — and the export-orders subindex crossed back above 50 for the first time since April 2024.
China prints 52.2 expansion overnight; the US ISM lands at 10 a.m. ET — and the gap is the trade-data backdrop to the Beijing summit.
Beijing's export-orders subindex prints 50.3 — first expansion since April 2024 — as Trump's plane gets a Beijing date.
Trump lands in Beijing May 14 for a 36-hour summit; the April PMI beat is the data Beijing will lay on the negotiating table.