China's Ministry of Commerce (MOFCOM) says China and the US should properly handle the relationship between competition and cooperation
Says:
- China and the US should maintain close communication, look forward together, and promote healthy, stable, and sustainable development of bilateral economic and trade relations.
- China is willing to strengthen multilateral and regional economic and trade cooperation with the US.
- China expressed serious concern regarding US Section 301 investigations against multiple economies, including China.
Context
China's Ministry of Commerce is emphasizing the need for a balanced relationship with the US, advocating for both competition and cooperation. This highlights ongoing tensions, particularly in light of trade investigations; any escalation in rhetoric could impact market sentiment and currency stability, especially for the USD and JPY. Traders should be alert to potential shifts in trade policy narratives that could affect risk assets and global economic outlook.
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