China white paper on US commerce says prepared to speak on points reminiscent of financial system, commerce

The headline would possibly look optimistic however the remainder of the white paper and accompanying feedback appear to be a bit extra feisty. I believe markets are studying an excessive amount of into the headline comment, because it has been the case with different headlines earlier than this. Listed here are the remainder of the headlines from this:

• The US is not going to clear up its personal issues by elevating tariffs
• China urges dialogue with US to resolve commerce dispute
• It’s regular for China and US to have variations and frictions in financial system, commerce
• China firmly opposes US tariffs and won’t settle for this sort of bullying
• If US desires to resolve the issue by way of dialogue, it ought to present equality, respect
• China will proceed to take measures to safeguard its rights, pursuits

However once more as talked about earlier right here, a giant optimistic is that we’re not seeing China combat again with countermeasures or counter-tariffs. Usually by now, you’d see them do this. Nevertheless, Trump escalating the state of affairs this week clearly exhibits that there is no such thing as a good to return from taking place that route.

So, this appears to be a extra measured response in the interim.

This text was written by Justin Low at www.ubaidahsan.com.



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