China urges ‘calm and rational’ resolution to trade war as casualties rise



by   |  VIEW 229

China urges ‘calm and rational’ resolution to trade war as casualties rise

On Sunday, the 29th of September 2019, China’s Vice Commerce Minister, Wang Shouwen told in a press conference that Beijing was expecting Washington would resolve their trade dispute “with a calm and rational attitude,’ an attempt widely contemplated as a move to calm money markets following Trump Administration’s latest sanction on Chinese oil freight carrier COSCO over charges of alleged ferrying of Iranian crude despite US sanction.

Apart from that, latest comments of Chinese Vice Commerce Minister came forth a couple of days after media reports had revealed that US President Donald Trump’s Administration had been accelerating paperwork to bar access of Chinese firms into the US stock exchanges as an attempt to deter US investments on Chinese firms.

While such kind of aggressive policy changes would likely to stress money markets on Monday’s (September 30th) market opening, several analysts were quoted saying that the recent comments of Chinese Commerce Vice Minister, Wang Shouwen were aimed at soothing global financial markets less than two weeks before the trade-war-struck, two of the world’s largest economy was scheduled to set out a new round of trade talk to put an end to their acrimonious fifteen-month-long trade spat that had still been bleeding billions from the global money markets every week.