|

US Secretary of State Blinken: China's provocative actions a significant escalation

US Secretary of State Anthony Blinken is on the wires again, via Reuters, saying that “China's provocative actions a significant escalation.”

Additional quotes

United States has told China repeatedly it does not seek a crisis

Pelosi's visit was peaceful, no justification for China’s extreme response

No justification for China’s "extreme disproportionate and escalatory" response to Pelosi visit

Serious concerns that actions by Beijing will destabilise entire region

United states will stick by allies in region

We will fly, sail, operate wherever international law allows

United states will not be provoked by China’s actions

US will continue to make maritime transits through Taiwan strait

US defense secretary has ordered that USS Reagan will remain on station

We will continue to press the regime to release those unjustly detained in Myanmar

Russia visit to Myanmar flies in the face of Asian’s efforts to achieve peace

We stand in strong solidarity with Japan over China’s dangerous actions

We have open lines of communication with China

Reiterated position that China should not use Pelosi’s visit as pretext for provocative actions

Question of Pelosi’s visit came up when he spoke to China’s foreign minister Wang Yi in Bali last month

No possible justification for what China has done after Pelosi visit to Taiwan, have urged Beijing to cease such actions

Nothing inevitable about crisis, conflict; incumbent upon us and China to act responsibly

We won't take actions to provoke a crisis

We've said all along that the differences between mainland and Taiwan need to be resolved peacefully, not by force

Last thing countries in region want is to see differences resolved by force

What we don't want are efforts by any country including China or Russia to disrupt intl peace and security

Expects other countries will join US Indo-pacific economic framework

Market reaction

Markets remain cautiously optimistic so far this Friday, reflective of the 0.14% gains in the S&P 500 futures. Meanwhile, the US dollar index clings onto its recovery gains near 105.85, adding 0.15% on the day.

Author

Dhwani Mehta

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.

More from Dhwani Mehta
Share:

Editor's Picks

EUR/USD ticks higher to near 1.1800 ahead of German inflation data

EUR/USD trades marginally higher to near 1.1800 in the European session on Friday, helped by renewed US Dollar weakness. Attention now turns toward the release of the preliminary inflation data for February from Germany and its major states during the day.

GBP/USD struggles near 1.3500 amid UK political drama, BoE easing bias

GBP/USD struggles to build on the overnight modest bounce from the weekly low and oscillates in a narrow band near 1.3500 in European trading on Friday. The Gorton and Denton by-election, held on February 26, has become a focal point of political drama in the UK, along with the Bank of England (BoE) easing expectations, acts as a headwind for the British Pound and the GBP/USD pair.

Gold sticks to positive bias as safe-haven demand persists; $5,200 holds the key for bulls

Gold trades with positive bias for the third straight day on Friday, with bulls still awaiting sustained strength and acceptance above the $5,200 mark before positioning for any further gains. Geopolitical risks remain in play amid a large US naval and air power buildup in the Middle East.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary. 

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.