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

Anil Panchal FXStreet

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

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.

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