China’s Wang: Told Blinken two sides must consider establishment of rules for positive interactions

Chinese Foreign Minister Wang Yi said in a statement on Monday that he told US Secretary of State Antony Blinken that the two sides should consider establishing rules for positive interactions in Asia-Pacific.

Wang and Blinken met over the weekend, as both senior diplomats described their first in-person talks since October as “candid”.

A US official said “neither side held back.” “We were very open about where our differences are … but the meeting was also constructive because despite the candor, the tone was very professional.”

Market reaction

AUD/USD was last seen trading 0.53% lower at 0.6818, near-daily lows.