China reportedly stepping up efforts in trade negotiations with the US - FT

Author: Justin Low | Category: News

According to the Financial Times, citing unnamed sources on the matter

  • China to finalise rules on greater foreign ownership of securities firms by May
  • Offered to buy more semiconductors from the US
  • That means they will divert some purchases from South Korea and Taiwan
The full report by the FT can be found here (may be gated).

That's further good news for risk sentiment, as China appears to be wanting to avoid a full-blown trade war. But we'll have to see the reception to such negotiations from the US side of things. 

As I said earlier on multiple occasions, the only way things will be resolved is if the two can come to an agreement themselves. Any WTO-based rulings or settlements will not do the trick seeing how we got here in the first place.

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