China’s white paper: Willing to communicate with US on important issues in economy, trade

Dhwani Mehta FXStreet

China released a white paper on US trade and economic relations on Wednesday.

Key takeaways

China will take countermeasures to safeguard rights, interests.
Firmly opposes unilateral, bullying restrictive measures.
Has always believed the essence of China, US economic, trade ties is mutually beneficial and win-win.
It is normal for China and the US to have differences and frictions in economic and trade cooperation.
The US will not solve its own problems by raising tariffs.
China is unwilling to fight a trade war, but the Chinese government will never sit idly by and watch the legitimate rights and interests of the Chinese people be damaged and deprived.
China has a firm will and abundant means, will resolutely counteract and fight to the end.

Market reaction

As of writing, AUD/USD is up 0.62% on the day, trading at 0.6000.

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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