China’s white paper: Willing to communicate with US on important issues in economy, trade

China released a white paper on US trade and economic relations on Wednesday.

Key takeaways

• China will take countermeasures to safeguard rights, interests.
• Firmly opposes unilateral, bullying restrictive measures.
• Has always believed the essence of China, US economic, trade ties is mutually beneficial and win-win.
• It is normal for China and the US to have differences and frictions in economic and trade cooperation.
• The US will not solve its own problems by raising tariffs.
• China is unwilling to fight a trade war, but the Chinese government will never sit idly by and watch the legitimate rights and interests of the Chinese people be damaged and deprived.
• China has a firm will and abundant means, will resolutely counteract and fight to the end.

Market reaction

As of writing, AUD/USD is up 0.62% on the day, trading at 0.6000.