“China resolutely opposes the US and Taiwan to start trade talks under the new initiative,” the country’s Commerce Ministry said in a statement released on Thursday.
Further quotes
“China will take all necessary measures to firmly safeguard its sovereignty, security and development interests.”
“China still faces many challenges in foreign trade, as growth momentum of external demand slows.”
On the US bill to boost chips, China’s Commerce Ministry said, “some provisions restrict normal economic, trade and investment activities of relevant enterprises in China,” adding that “the bill distorts global supply chains of the semiconductor sector, china resolutely opposes it.”
“China will take forceful measures to safeguard its legitimate rights when necessary,” the Ministry said.
Market reaction
As US-Sino tensions escalate over Taiwan, the S&P 500 futures shed 0.25% on the day. Meanwhile, the AUD/USD pair nurses losses near 0.6920, down 0.17% so far.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
