China International Trade Representative Li Chenggang met US Deputy Trade Representative Sweitzer and exchanged views on China-US economic and trade relations, reports suggest

Iran says management of the Strait of Hormuz is a precondition that cannot be negotiated; "Iran's undisputed control over the Strait of Hormuz is a definitive precondition for negotiations", SNN reports

Meituan (3690 HK) denies social media reports that the product unit is to cut 50% of its staff

China International Trade Representative Li Chenggang met US Deputy Trade Representative Sweitzer and exchanged views on China-US economic and trade relations, reports suggest

An official in the Iranian Revolutionary Guard says the likelihood of renewing war with the United States is "slim", Al Arabiya Business reports; however, adds that "the armed forces are lying in wait with full magazines"

[CALENDAR UPDATE] Japanese government to submit the extra budget bill to the Diet on June 3rd, Kyodo reports