• China Consulate General: China firmly opposes Taiwan leader's transit in the US

Market news

4 April 2023

China Consulate General: China firmly opposes Taiwan leader's transit in the US

Early on Tuesday, China’s Consulate General in Los Angeles spokesperson conveyed their dislike for a meeting between Taiwan President Tsai Ing-wen and US House Speaker Kevin McCarthy.

Key comments

No matter what capacity McCarthy meets with Tsai, it is another serious violation of the one-China principle.

McCarthy - Tsai meeting it is not conducive to regional peace, security and stability.

It is not in the common interests of the people of China and the United States.

We will closely follow developments and resolutely and vigorously defend national sovereignty and territorial integrity.

AUD/USD retreats

The headlines appear challenging the previous risk-on mood and weigh on the AUD/USD prices, down 0.06% intraday to near 0.6780 by the press time.

Also read: AUD/USD Price Analysis: Further upside hinges on 0.6820 breakout and RBA

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