China's ambassador to UK: Optimistic about future of US-China trade relations

Eren Sengezer FXStreet

Commenting on the trade dispute with the United States, China's ambassador to London, Liu Xiaoming, said that he was optimistic about the future of the US-China trade relations.

Regarding the protests in Hong Kong, "If the situation deteriorates in Hong Kong into uncontrollable unrest, the central government will not sit by and watch, we have enough power to quell unrest," the ambassador told reporters, per Reuters.

Xiaoming's remarks did little to nothing to ease the market tension. As of writing, the 10-year US Treasury bond yield was down nearly 3% on the day and all the major equity indexes in Europe were erasing more than 1%.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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