China’s Foreign Ministry: Beijing reserves right to take countermeasures on US sanctions
|“China reserves the right to take necessary countermeasures on US sanctions,” the country’s Foreign Ministry said in a statement on Thursday.
The Foreign Ministry said that they “will take all necessary measures to firmly defend rights of Chinese companies.”
In the last hour, the Commerce Ministry also came out with some comments, citing
US' entity list not helpful for US-China relations.
Opposes US sanctions on Chinese companies.
This comes after the US added 12 Chinese companies to its trade blacklist on Wednesday, citing national security and foreign policy concerns.
Market reaction
AUD/USD pays little heed to these comments, as it trades modestly flat on the day just above the 0.7200 level.
Meanwhile, the S&P 500 futures add 0.31% on the day, currently trading at 4,715.
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.