Chinese Foreign Ministry says it will take more counter-measures over House Speaker Pelosi's trip to Taiwan. China announces eight measures:
- Cancellation of the phone call between the leaders of the Chinese and American military theaters.
- Cancel the working meeting between the Chinese and the US Department of Defense.
- Cancel the meeting of the China-US Maritime Military Security Consultation Mechanism.
- Suspend China-US cooperation in the repatriation of illegal immigrants.
- Suspend China-US criminal judicial assistance cooperation.
- Suspend China-US cooperation in combating transnational crimes.
- Suspend China-US cooperation in drug control.
- Suspend Sino-US climate change talks.
Reaction details (10:48)
- Amidst these wide-ranging sanctions, a modest increase to the existing risk-off move following the sanctions on Pelosi has been seen; again, participants are awaiting NFP and we are in thinner summer trading conditions.
05 Aug 2022 - 10:44- Fixed IncomeEconomic Commentary- Source: MofA
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