News

Chinese diplomat Yi: US and China should take care of own business while working together for humanity

In his latest comments during a forum appearance, China's State Councillor and Foreign Minister Wang Yi tried to placate the Sino-American tussles.

The top diplomat from Beijing emphasized on working together for humanity while taking care of own business.

Reuters also cited Mr. Yi saying, “Previous US administration's actions inflicted immeasurable damage to bilateral relations.”

Additional comments from the Chinese diplomat are:

Root cause of Sino-US. bilateral difficulties was previous US administration taking measures to suppress and contain China.

Democracy must be rooted in reality of each country.

China is always committed to protecting human rights.

China always advocates win-win cooperation.

Stop smearing china's communist party, stop conniving with separatist forces.

China has never interfered in US internal affairs.

Attempts to interfere will fail and only cause problems.

China has no intention to challenge or replace the US.

Areas for cooperation between china and the us are expanding.

China and the US should follow up on Xi-Biden call, re-activate and establish dialogue mechanisms.

US side will adjust policies as soon as possible, remove unreasonable tariffs on Chinese goods.

Hopes the US will abandon irrational suppression of China's tech progress.

China ready to work with US on covid-19, climate, and world economic recovery.

Social foundation of Sino-u.s. relations has been damaged.

Hopes US will lift restrictions on Chinese educational, cultural groups and media outlets.

Market implications

Following the news, AUD/USD picks up bids to 0.7885 while S&P 500 Futures also crosses 3,900 threshold while snapping the previous four-day downtrend.

Read: AUD/USD: Bulls catch a breather at highest since March 2018, keep eyes on 0.7900

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