Report from Hu Xijin

Daily Times editor Hu Xijin says an article is coming saying China can defeat and pressure and challenge from the US.

People's Daily, CPC's official newspaper, will publish a long article Tuesday vowing China can defeat any challenge and pressure of the US.The signal sent by this kind of article is stronger than signal of US senior officials' remarks.The US should not underestimate China's will.

That's not a good sign. I can't see how September meetings are going to happen, I'm surprised they're still officially 'planned'.

Update: Risk trades are under a bit of pressure after this.