Further comments by China via Xinhua news agency

  • Doesn't want a trade war but is not afraid to fight one
  • Will fight a trade war if it is necessary
  • Negotiation door is always open but talks should be based on mutual respect
  • Says that it supports necessary reform of WTO
  • Will firmly deepen reform and opening up of economy

The trade rhetoric is still making the headlines as the new week begins. There's nothing really new from China's language here but as mentioned earlier, the takeaway is that trade talks don't appear to be anywhere on the horizon and so far that is weighing on risk sentiment to start the week.