China's Commerce Minister: China-US economic and trade relations have gone through storms
|China's Commerce Minister Wang Wentao said on Friday that the economic and trade relations between the Unites States have gone through storms, but remain important to each other.
Key quotes
China-US economic and trade relations have gone through storms, remain important to each other.
US since 2018 has adopted more unilateral, protectionist measures provoking frictions.
Mutual benefit is the essence of US-China commercial ties.
Decoupling is doomed to fail as it contradicts economic development.
Differences and frictions inevitable, dialogue and consultation best way to fix problems.
Some things are irreplacable, at least in the short term.
Key is to respect each others’ core interests, major concerns.
Geneva agreement, London framework effectively stabilised commercial ties, cooled down tensions.
Market reaction
At the time of writing, the AUD/USD pair is trading 0.31% higher on the day to trade at 0.6508.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.