China’s Gao: Hopes US takes measures and resolve conflicts with China

FXStreet Team FXStreet

China's Commerce Ministry (MOFCOM) spokesman Gao Feng is on the wires now, via Reuters, urging the US to seek resolution on the trade issues through dialogue with China.

Key Points:

Hopes the US takes measures and resolve conflicts with China through dialogue.

Accusations that China's market openings are not as expected is not true.

China's determination to open up markets has not changed.

Hopes that the US will abandon unilaterism and trade protectionism.

Hopes US-China trade relations can return to normal.

US must stop its wrong actions, withdraw from unilaterist approach.

China is confident to counter any trade and investment protectionism steps.

US approach starts a bad precedent, may trigger domino effect.

US trade protectionism will hurt its own consumers.

China will take all possible steps to protect its interests.

Author

FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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