China’s top diplomat urges US to create favorable conditions for implementation of Phase One trade deal
|China’s top diplomat Yang Jiechi calls for the US to create favorable conditions for the implementation of the Phase One trade deal.
He said that he hopes the US will strengthen cooperation with China to create favorable conditions for the implementation of the phase of the trade agreement reached in January.
The souring diplomatic ties between the US and China over the coronavirus mishandling, Hong Kong, Taiwan and the tech issue could likely jeopardize the trade deal. US President Donald Trump has repeatedly voiced his disinterest in the trade deal with China last month.
Market reaction
The market mood remains fragile, reflective of the cautious trading in the European equities and falling S&P 500 futures.
The Chinese proxy, the aussie, heads back towards the daily lows of 0.7195, losing 0.40% on the day. The focus shifts to the US NFP release.
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