Chinese Foreign Minister held a phone call with US Secretary of State Rubio, Xinhua reports; both should prepare high-level exchanges

The call between China’s Foreign Minister and US Secretary of State Rubio suggests a willingness to stabilize and potentially improve deteriorating ties, though the emphasis on the Taiwan issue highlights an ongoing flashpoint that could escalate tensions.

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Chinese Foreign Minister held a phone call with US Secretary of State Rubio, Xinhua reports; both should prepare high-level exchanges

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  • China-US relations maintained overall stability.
  • Should expand cooperation and manage differences.
  • The Taiwan issue is of China's core interest - this is the biggest point of risk. 
  • Urges the US to keep promises and make the right choices.
Context

Markets may interpret these discussions as a sign that both countries are looking to manage their differences, which could have implications for trade relations and overall global risk sentiment.

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