China’s Commerce Ministry: Ready to enhance exchanges on trade and economic front

Dhwani Mehta FXStreet

Wang Wentao, the new Chinese commerce minister, said on Wednesday, Beijing is ready to reinforce policy support for foreign trade.

Additional comments

“China looks forward to working with US colleagues to focus on cooperation and manage differences.”

“Foreign Ministry’s outlook remains grim and complex this year due to uncertainties from COVID-19 and supply and industrial chains.”

“We will reinforce policy support for foreign trade.”

“We will ensure smooth operations of supply chains.”

Market reaction

AUD/USD pays a little heed to the encouraging comments from China, posting small gains around 0.7920, having hit three-year highs at 0.7945 in early Asia.

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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