China’s Li: A trade war would not benefit anyone

Dhwani Mehta FXStreet

Additional headlines cross the wires, via Reuters, from the Chinese Premier Li, as he continues to speak at the end of the National People’s Congress (NPC).

A trade war would not benefit anyone.

Hopes that the two sides can keep calm and avoid a trade war.

China and the US should be rational over trade issues.

China does not hope to see relatively big trade surplus with the US.

Hopes that the US is to relax high-tech exports to China.

China has been a reasonable long-term investor of the US and its forex reserves.

Stable relations between the two countries is good for the world.

China is fully confident of achieving 2018 economic targets.

Financial sector is in good shape, banks have enough provisions.

China is able to prevent systemic financial risks.

Will gradually lower fiscal deficit ratios in the future.

Local regulators will take resolute measures to tackle financial risks.

Merge of banking, insurance regulators will also help with that.

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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