China’s Foreign Ministry was out with a statement in the last hour, urging the US to withdraw the Taiwan arms sales plan.
Key quotes:
- Firmly oppose US arms sale to Taiwan.
- Will take necessary measures to uphold sovereignty and security interests.
- The US should stop both arms sales, military contact with Taiwan.
The comments fueled concerns about a further escalation in diplomatic tensions between the world’s two largest economies, albeit did little to influence the market sentiment.
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