China says cooperation is the only right option in trade talks

  
Analysis, Economy

Comments by China’s commerce ministry

  • Urges US to immediately cancel sanctions on Chinese firms including Huawei
  • Hopes that US will drop its wrongdoings
  • Says that it is not feasible for firms to shift their supply chain out of China
  • Calls for favourable environment ahead of Trump-Xi meeting
Based on their remarks here, it’s not really suggestive that there’s a so-called trade truce already agreed between the two countries ahead of the Trump-Xi meeting. Regardless, the outcome of talks over the weekend will still be the key driver for markets currently.
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