Comments by a Chinese commerce ministry official, via Reuters

  • China will defend its own rights
  • 301 investigation by US is ignorance of WTO rules
  • Investigation is biased and in defiance of bilateral trade
  • Still studying and evaluating the 301 report
  • Says that "we are in touch with the US" and that "communication is smooth"

Not too sure how "smooth" communication is when you have to come out on the wires with these kinds of comments. Similar to what has already been said here earlier.

But more of such comments surely won't go down well with investors who are already jittery about prospects of an all out global trade war.