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EGB/Gilt - Attention turns to the FOMC


CZKPLN Approaching Key Resistance at 0.18


Range in Underlying Spurring Vol Sales


Extends gains against the Pound and EUR

By Iris Ouyang
     BEIJING (MNI) - China on Friday said any effort to reform the World Trade
Organization (WTO) should be through cooperation rather than unilateral
     Here are major points from the press briefing by the Ministry of Commerce:
     -Unilateral action of some countries undermine the WTO's authority.
Reforming the WTO can't advance without all countries onboard, and the U.S.
should make positive contributions.
     -China hopes failure to reach an agreement on WTO reform won't happen at
the G20 Summit in Argentina at the end of this month as what happened at the
APEC meeting earlier this month.
     -MOFCOM officials repeated that future WTO reform should ensure members
respect the differences of other countries' development model. While the Donald
Trump administration has pressed China to adjust its economic and industrial
policies, the officials stuck by China's unwillingness to alter such policies.
     -MOFCOM called for "equal and mutually respectful" conversations and
against building separate "friend circles" within the WTO.
     -Without meaning the U.S. by name, the ministry said some countries have
overly subsidized its agriculture, leading to unfair competitive advantage, so
future reform should address the problem.
--MNI Beijing Bureau; +86 (10) 8532-5998; email:
--MNI Beijing Bureau; +86 10 8532 5998; email:
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