PRE-MARKET HONG KONG STOCKS NEWS: China said it is currently evaluating possible US trade talks

Cosco Shipping Ports (1199 HK) - Co. MD Zhu Tao stepped down but remains board chairman, while Wu Yu was appointed as MD. (Newswires)

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Casinos - Macau April gambling revenue rose 1.7% Y/Y to MOP 18.9bln. (Newswires)

Other News

China is said to be conducting an assessment on US trade negotiations and urges the US to demonstrate sincerity for trade talks, while it urged the US to correct mistakes regarding tariffs and is currently evaluating possible US trade talks. (Newswires)

China MOFCOM said tariff and trade war were unilaterally initiated by the US and the US should show its sincerity in talks, while it added the Chinese side has noted that the US has repeatedly expressed its willingness to negotiate with China on the tariff issue. Furthermore, it said the US side has recently taken the initiative to convey information to the Chinese side through relevant parties on several occasions and hoping to talk with the Chinese side, while China’s position has always been the same: talk, the door is open. (Newswires)

US Treasury Secretary Bessent said the tariff situation with China will be a multi-step process and need to see a de-escalation with China on tariffs, while he added that China needs to rebalance and if the US and China could rebalance together, that would be a big deal. Bessent said the Chinese economy is slowing down substantially and that they will likely revisit Trump's Phase 1 trade deal, as well as noted they are going to bring down China's unfair trade barriers and hold China to prior commitments. (FBN)

02 May 2025 - 02:18- ForexGeopolitical- Source: Newswires