China’s Commerce Minister: Will continue to welcome US firms to develop in China

Dhwani Mehta FXStreet

China's Commerce Minister Wang Wentao hosts a seminar for US firms investing in China on Monday, the Ministry said in its press release.

Additional takeaways

China's economic operation has maintained a good trend of recovery and market potential has continued to be released.

Will continue to welcome US firms to develop in China.

Will continue to provide accurate and efficient service guarantees for foreign-funded enterprises.

This comes after the Wall Street Journal (WSJ) reported that China is banning major Chinese firms from buying from Micron Technology, citing its products pose a major national security risk.

Market reaction

At the time of writing, AUD/USD is trading listlessly near 0.6650 amid mixed US-China news and looming US debt-ceiling risks.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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