China’s commerce ministry was out with a statement in the last hour, saying that the impact of the trade war on Chinese companies is limited.
Key points:
“¢ The risk is controllable on trade war impact.
“¢ China hopes the US to drop protectionism.
“¢ Front loading could be a factor supporting 3Q exports.
“¢ Stance on trade talks with the US is consistent.
“¢ US need to show sincerity.
“¢ China trade outlook still keeps good momentum.
“¢ Trade with the US not a decisive factor on trade outlook.
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