Some harsh words here from China ministry of commerce
- China commerce ministry says misleading to say President Xi's speech this week is a concession to US on trade issue
- Says President Xi's speech is important strategy for China's further opening up, has nothing to do with trade friction with US
- Says market opening measures is China's voluntary act
- Says China will develop in its own direction
- Says hopes the US will understand the world's situation, would not walk down its own path blindly
- Says China is well-prepared if US escalates on trade, will fight back without hesitation
- China commerce ministry says so far China and US have not done any negotiation on bilateral trade frictions
- Not a matter of if China willing to negotiate with US, its the US not showing sincerity
- US actions so far are typical trade protectionism, unilateralism
- Impossible for China to negotiate with US if negotiations are hijacked
- China will absolutely carry out measures on opening up
- Says hope to complete revision of foregin investment negative list within H1 of 2018
- China - US trade frictions are single-handedly provoked by the US
- US actions so far have deviated from WTO spirit and rules
AUD has lost a few points on the trade tension reemergence
