US and China officials to meet for trade talks in London – business live

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China has slipped further into deflation territory, underlining the importance of agreeing a trade deal with the US.

China’s consumer prices fell for a fourth consecutive month in May, new data from the National Bureau of Statistics shows.

“The next round of trade talks between the U.S. and China will be held in the UK on Monday.

“We are a nation that champions free trade and have always been clear that a trade war is in nobody’s interests, so we welcome these talks.”