China signals US could restore preferential trade privileges for Hong Kong

China indicated the U.S. could restore Hong Kong's preferential trade privileges after confirming the U.S. will not renew an executive order revoking the city's special status. The U.S. removed Hong Kong leader John Lee and former leader Carrie Lam from one sanctions list but added them to another, while the decision follows trade talks and may ease U.S.-China tensions.