Headlines

China's MOFCOM spokesperson, when asked about a potential round of US-China trade talks, says China is willing to work with the US side to jointly uphold and implement the important consensus of the two heads of state, Global Times reports

Newsquawk Staff ·

  • Full post: China is willing to work with the US side to jointly uphold and implement the important consensus of the two heads of state, make good use of the China-US economic and trade consultation mechanism, manage differences, advance cooperation, and promote the stable, healthy, and sustainable development of China-US economic and trade relations, Chinese Commerce Ministry spokesperson He Yongqian said on Thursday, responding to a question about remarks by US Trade Representative Jamieson Greer,  who recently floated the idea of another potential round of trade negotiations with China at Davos ahead of meeting between the two countries’ leaders."

What it means

The statement from China's MOFCOM indicates a willingness to engage in dialogue with the U.S., which could signal a de-escalation in trade tensions. This collaborative approach may promote stability in U.S.-China relations, thereby impacting markets such as currencies, commodities, and equities. Traders should keep an eye on potential market movements as further negotiations could alter risk sentiment and asset valuations.

Sources

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