- China’s Commerce Minister: Will continue to welcome US firms to develop in China
Market news
22 May 2023
China’s Commerce Minister: Will continue to welcome US firms to develop in China
China's Commerce Minister Wang Wentao hosts a seminar for US firms investing in China on Monday, the Ministry said in its press release.
Additional takeaways
China's economic operation has maintained a good trend of recovery and market potential has continued to be released.
Will continue to welcome US firms to develop in China.
Will continue to provide accurate and efficient service guarantees for foreign-funded enterprises.
This comes after the Wall Street Journal (WSJ) reported that China is banning major Chinese firms from buying from Micron Technology, citing its products pose a major national security risk.
Market reaction
At the time of writing, AUD/USD is trading listlessly near 0.6650 amid mixed US-China news and looming US debt-ceiling risks.
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