China’s President Xi: Must resolutely oppose interference of external forces, 'split' of Taiwan

Dhwani Mehta FXStreet

China's President Xi Jinping said in a statement on Monday, we “must resolutely oppose the interference of external forces, 'split' of Taiwan.”

Additional comments

China should implement strategy of rejuvenating country through science, education.

China should work to achieve greater self-reliance, strength in science and technology, promote industrial transformation and upgrading.

Efforts should be made to upgrade, appropriately expand economy, and continuously increase China's economic strength, scientific and technological capabilities.

We must better coordinate development and security, implement overall national security concept.

Necessary to promote modernization of national defence, military.

Build military into effective safeguard of state sovereignty.

We must promote 'one country, two systems' and 'reunification of the motherland'.

China must oppose pro-Taiwan independence forces.

Actively promote peaceful development of cross-strait relations.

Market reaction

Despite these comments, AUD/USD keeps its recovery mode intact near 0.6650, up 1.06% on the day.

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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