This is just crossing now, it should be good for risk assets.
Yuyuantantian is a Chinese social media account affiliated with China Central Television (CCTV). It operates generally on Weibo and has reported on China’s stance regarding US tariffs before and generally reflects state-sanctioned views.
In short, this might be a legitimate sign that real de-escalation talks are ongoing. That said, there has been semi-credible reporting that’s said the same since the G20 last week and Trump himself has said they’re talking.
It doesn’t exactly sound like some kind of looming breakthough but it says: The US reached out to talk, China is willing to talk.
This article was written by Adam Button at www.forexlive.com.
