President Xi: China will always be a good friend of pacific island countries

Market news

30 May 2022

President Xi: China will always be a good friend of pacific island countries

In a written address to a meeting of China-Pacific foreign ministers, Chinese president Xu Jinping said that “no matter how the international situation may change, China will always be a good friend of pacific island countries.”

President Xi said that “China is willing to work with pacific island nations to build community with a shared future.”

Market reaction

USD/CNY is currently trading at 6.6502, down 0.68% on the day. The Shanghai reopening optimism is boding well for the Chinese yuan.

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