Chinese President Xi says China and Spain should enhance cooperation and mutual trust, rejects the return to the law of the jungle, adds they are to jointly defend multilateralism and safeguard global development

President Xi's comments on enhancing cooperation with Spain and promoting multilateralism signal a commitment to strengthening international ties amid rising tensions. This rejection of the 'law of the jungle' implies a push against unilateralism, potentially affecting trade dynamics and risk sentiment towards China. Watch for market reactions in commodities and currencies, particularly in linked economies.