Some comments by Zhu Guangyao as he speaks in a briefing noted earlier on US-China trade relations
- Trade war is a lose-lose for both China and US
- Says that challenges facing China and US trade are huge
- Frictions are hard to avoid
- Hopes that trade relations go back to a healthy track
- China has always called for dialogue/negotiations to solve disputes
- Wants to solve trade issues in constructive ways
- US should not be self-willed
- Says that China is a responsible investor of international financial markets
- China respects rules of international capital markets
Pretty much formality/political comments. The finance ministry has earlier confirmed the trade measures here, so that's the more important area of focus for markets right now. We're also hearing vice commerce minister Wang Shouwen:
- China is open to dialogue
- China's retaliatory measure are defensive
- US tariffs hurt global economic recovery
