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CNBC's The China Connection newsletter: A fragile truce as tempers flare

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Just a week after a breakthrough in U.S.-China trade tensions, neither side can yet be confident that the other is holding up their end of the bargain.

China 's Ministry of Commerce on Wednesday warned that it would take legal action against those involved in assisting or implementing measures to curb the usage of advanced semiconductors from China .

Many in the US are also concerned that China isn't relaxing rare earth export controls, another area in which China dominates supply chain.

Chinese exporters are doubling down on non-U.S. markets.

Retail sales and industrial production growth slowed in April .

Major Chinese online shopping companies reported better sales in the first quarter .

A new policy for preventing government spending waste calls for favoring domestic vehicles.

China is gearing up for its next five-year plan.