US politicians with stakes in China should be careful – Global Times
|Global Times Editor-in-Chief Hu Xijin responds on Wednesday to the US’ Uyghur human rights bill.
Hu tweeted out: “The bill is a paper tiger with no special leverage that could affect Xinjiang. Xinjiang officials, including the Party chief Chen Quanguo will look at 'sanction' with scorn because they have no connection with the US. But US politicians with stakes in China should be careful.”
Late Tuesday, the US House passed a bill demanding sanctions on senior Chinese officials over the treatment of Uighur Muslim minority. The bill was immediately met with opposition from the Chinese Foreign Ministry, as it urged the US to stop wrongdoing concerning the Xinjiang bill
The latest US-China conflict on the human rights issue added to the renewed trade concerns and kept the risk tone softer in Wednesday’s Asian trading. USD/JPY meanders near lows of 108.49 amid negative Asian equities while Aussie faces double whammy and heads towards 0.6800 levels.
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.