The spokesperson for China’s Ministry of Commerce said on Friday that the country doesn’t intend to artificially increase its trade surplus with the US. And sees the two countries’ trading relations as being influenced by a variety of factors. Including their disparate economic systems, the global division of labor, and US export restrictions to China.
According to the spokesman. China requested that the US lift its trade sanctions on China, since doing so would be advantageous to both countries.
According to the spokesman, forcing the sale of TikTok would damage international investors’ faith in the US and should be rejected.
China’s Ministry of Commerce Statement reaction on currency
AUDUSD has recovered from its lows but is still on the offers at 0.6675.
