China’s Commerce Ministry: US made ‘false accusations’ in report on WTO compliance
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China’s Commerce Ministry said on Monday, “the US falsely claims that China has created ‘overcapacity’, which fully reflects the US side’s unilateralism and hegemonic behavior.”
US side ignores ‘great achievements’ made by China in fulfilling its World Trade Organization (WTO) commitments, denies important contribution made by China to multilateral trading system and world economy,” the Ministry responded to the US report about China’s WTO accession.
Separately, China’s authorities said that the Fujian Coast Guard is boosting patrols in waters near Taiwan’s Kinmen islands “to strengthen law enforcement inspections in key areas, effectively maintain the order of operations in the relevant sea areas, and effectively safeguard the safety of fishermen’s lives and property.”
At the time of writing, AUD/USD is losing ground to trade near 0.6550, down 0.08% on the day.
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