Comments by China's commerce ministry
- Hopes that US adopts measures to correct behaviour in trade dispute
- Currently studying measures to mitigate tariffs impacts
- Also studying targeted measures to help foreign firms in China
- China's retaliatory measures against US are forced, to defend country's interest
- China's latest trade actions has nothing to do with US politics
- Yuan depreciation is more detrimental than beneficial to China's economy
- Will not use yuan as a tool to resolve trade dispute
- Will maintain yuan exchange rate in a reasonable range
There's still no news on whether or not they are going ahead with trade talks later today but latest reports suggest that China may be sending a low-level delegation to Washington instead. Should that be the case, it's more of a symbolic gesture and talks won't accomplish anything.
