China's foreign minister Wang Yi
- US and China need to take bilateral relationship forward with wisdom and conviction
- relations have come to a crossroads
- mutually beneficial cooperation is the only right option for China and the US
- both have benefited from cooperation over past 40 years
- says higher tariffs have reduced competitiveness of US firms, farmers and manufacturers have felt mounting pressures
- US-China trade war has inflicted losses on both sides
- neither can move ahead without the other, opening up and integration represent the right direction
- decoupling of US, Chinese economy is neither sensible nor realistic
- decoupling from Chinese economy is decoupling from opportunities and the future
- will not close door to Chinese economy; it will only open wider
- says China is accelerating structural reforms by abolishing some investment quotas
AUD is trading lower, not sure if its these comments (timing is about right but that is not always a smoking gun)