The headline might look optimistic but the rest of the white paper seems to be a bit more feisty. I think markets are reading too much into the remark, as it has been the case with other headlines before this. The rest of the white paper details that:

  • The US will not solve its own problems by raising tariffs
  • China urges dialogue with US to resolve trade dispute
  • It is normal for China and US to have differences and frictions in economy, trade
  • China firmly opposes US tariffs and will not accept this kind of bullying
  • If US wants to resolve the problem via dialogue, it should show equality, respect
Source: Forex Live