Market sentiments stablized after US President Donald Trump toned down his rhetoric on trade war with China. He reiterated that “China called last night our top trade people and said ‘Let’s get back to the table'”. Hence, we’ll be getting back to the table, and I think they want to do something. Trump also said: “They want calm, and that’s a great thing, frankly. And one of the reasons that he’s a great leader, President Xi, and one of the reasons that China’s a great country is they understand how life works.”
However, Chinese tabloid Global Times Hu Xijin denied there was phone call between the two sides. He tweeed that “Based on what I know, Chinese and U.S. top negotiators didn’t hold phone talks in recent days. The two sides have been keeping contact at technical level, it doesn’t have significance that President Trump suggested. China didn’t change its position. China won’t cave to US pressure”.
