|

China Foreign Min. Jeichi: US abuses concepts of national security to threaten future of international trade

As talks between the US and China continue, for the first time after Joe Biden became American President, China Foreign Minister Yang Jiechi firmly opposes the US meddling in internal affairs.

China’s top diplomat Jiechi also said, “US inciting some countries to attack China,” while suggesting that the US can do better on human rights issues.

Also read: WH National Security Adviser Sullivan: US welcomes stiff competition with China

Additional comments:

US uses military might and financial supremacy to pressure countries.

US abuses concepts of national security to threaten the future of international trade.

Xinjiang, Hong Kong and Taiwan are all inseparable Chinese territory.

US is the champion of cyber attacks.

Cooperation benefits sides, is expectations of world.

If US wants to deal with China side, then let’s do it the right way.

There is no way to strangle China.

It's worth mentioning that China's diplomat Wang Yi also repeated comments made by Jiechi while adding, "New sanctions is not the way to welcome guests."

FX implications

Although global markets await official updates from Alaska talks, AUD/USD remains pressured by the press time as risks dwindle due to the tough signals as the negotiation begin.

Read: AUD/USD: Pressured below 0.7800 on strong Treasury yields, focus on Aussie Retail Sales

Author

Anil Panchal

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

More from Anil Panchal
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD climbs toward 1.1800 on broad USD weakness

EUR/USD gathers bullish momentum and advances toward 1.1800 in the second half of the day on Tuesday. The US Dollar weakens and helps the pair stretch higher after the employment report showed that Nonfarm Payrolls declined by 105,000 in October before rising by 64,000 in November.

GBP/USD gains ground above 1.3400 on UK PMI optimism

The GBP/USD pair gains momentum to around 1.3425 during the early Asian session on Wednesday. The Pound Sterling edges higher against the Greenback on the upbeat UK preliminary S&P Global Purchasing Managers' Index data. Traders will take more cues from the Fedspeak later on Wednesday. 

Gold extends the range play around $4,300

Gold edges higher during the Asian session on Wednesday, though it remains confined in a multi-day-old trading range. Dovish Fed-inspired bearish sentiment surrounding the US Dollar, along with the risk-off mood, acts as a tailwind for the safe-haven bullion. However, hopes for a Russia-Ukraine peace deal hold back the XAU/USD bulls from placing aggressive bets. Traders also seem reluctant ahead of the crucial US consumer inflation figures on Thursday.

XRP dips as bearish pressure persists despite ETF growth

Ripple is finding footing above $1.90 at the time of writing on Tuesday after a bearish wave swept across the broader cryptocurrency market, building on persistent negative sentiment.

Ukraine-Russia in the spotlight once again

Since the start of the week, gold’s price has moved lower, but has yet to erase the gains made last week. In today’s report we intend to focus on the newest round of peace talks between Russia and Ukraine, whilst noting the release of the US Employment data later on day and end our report with an update in regards to the tensions brewing in Venezuela.

BNB Price Forecast: BNB slips below $855 as bearish on-chain signals and momentum indicators turn negative

BNB, formerly known as Binance Coin, continues to trade down around $855 at the time of writing on Tuesday, after a slight decline the previous day. Bearish sentiment further strengthens as BNB’s on-chain and derivatives data show rising retail activity.