Financial Times reports that Facebook has won a Chinese trademark case against a company that registered the brand name "face book", in a sign that Beijing attitudes are softening towards the world's largest social networking site, which is blocked to China's 700m internet users. Mark Zuckerberg, Facebook's founder, has been at the forefront of a charm offensive apparently aimed at prying open the Chinese market. As well as trying to master the Chinese language, Mr Zuckerberg has entertained China's chief censor at his San Francisco home, met the head of the ruling Communist party's propaganda apparatus and jogged through Tiananmen Square on a badly polluted day. Any decision to unblock Facebook in China would probably come with strict conditions, in light of how useful the site proved to pro-democracy protesters during the Arab Spring revolutions of 2011. Other foreign internet companies allowed to operate in China, such as LinkedIn, comply with the country's draconian censorship regime.

Bloomberg reports: "China reported a modest stabilization in exports this weekend as the value of the currency decreased, as well as the first back-to-back gain in foreign reserves in almost two years, suggesting the economy is steadying amid slowing growth. The world's largest currency hoard rose $7.089 billion to $3.22 trillion in April, the People's Bank of China said Saturday. Overseas shipments rose 4.1 percent in yuan terms from a year earlier yet fell 1.8 percent in dollar terms, the customs administration said Sunday. Imports slumped 10.9 percent in dollars to leave a trade surplus of $45.6 billion. "China's exports stayed positive in April, but with gains flattered by yuan depreciation," Bloomberg Intelligence economists Tom Orlik and Fielding Chen wrote in a note. "Policy makers will likely remain in wait-and-see mode before deciding on further stimulus."