US Commerce Sec says US stable economic relationship with China is profoundly important

U.S. Secretary of Commerce Gina Raimondo comments crossing:

• Says it is profoundly important that the US has stable economic relationship with China
• Thinks the US can make progress with China if both sides are 'direct, open and practical'

Chinese Commerce Minister Wang Wentao met US Commerce Secretary Gina Raimondo in Beijing on Monday morning.

Earlier:

• Chinese stock markets are set to rocket higher at the open, CSI300 to open 5.5% higher