On US Treasury Secretary Janet Yellen’s visit, China’s Finance Ministry said in a statement, urged the US to take practical actions in response to China’s major concerns about the US economic sanctions and crackdown.
Additional quotes
“Chinese side once again reiterated its concerns on the lifting of tariffs on China, the cessation of suppression of Chinese enterprises.”
“China believes that China’s development is an opportunity rather than a challenge for the united states, and a gain rather than a risk. “
“Strengthening cooperation between China and the US is a realistic need and the correct choice of the two countries. “
“China and US agree to keep high-level exchanges and all-level communications in the economic area.”
Market reaction
AUD/USD is seeing additional selling pressure on the above headlines, losing 0.28% on the day to 0.6668, at the press time.
Source: https://www.fxstreet.com/news/chinas-finance-ministry-calls-on-us-to-take-practical-actions-over-economic-sanctions-202307100442