MNI BRIEF: Cuts Should Be Timely But Cautious - Buba's Nagel

MNI BRIEF: ECB Policy Decisions Based On Broad Analysis- Lane

MNI BRIEF: Less Than Half Canada Firms See Inflation Obstacle

MNI China Daily Summary: Monday, November 25

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 22

MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday

EZ/UK T-Bill Calendar: 2/3-Month ATB Auction on Tuesday

MNI: BELGIUM NOV BNB BUSINESS SURVEY -11.1

EZ/UK Bond Supply Calendar: Gilt Syndi; IT, DE Due on Tuesday

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Wang & Sullivan Meet As Sino-Philippine Relations Deteriorate

US-CHINA
EM BulletFixed Income BulletsHomepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletMarketsEmerging Market NewsForeign Exchange BulletsPolitical Market News

(MNI) London - Chinese state media have issued a readout of Foreign Minister Wang Yi's meeting in Beijing with US National Security Adviser Jake Sullivan. Wang: 'the key to smooth Sino-US interaction is equal treatment. Starting from the position of strength is not the right way for countries to interact."

  • Wang: 'The United States should stop suppressing China in the fields of economy, trade and science and technology, and stop undermining China's legitimate interests. Using "overcapacity" as an excuse to engage in protectionism will only harm global green development and affect world economic growth.'
  • Wang: 'China firmly safeguards its territorial sovereignty and maritime rights and interests over the South China Sea islands, [...] The United States must not use bilateral treaties as an excuse to undermine China's sovereignty and territorial integrity, and must not support or condone the Philippines' infringing actions.'
  • Wang: 'Both sides agreed to hold video calls between the two militaries' theatre leaders at an appropriate time'.
Comments from head of US Indo-Pacific Command Adm. Samuel Paparo, suggesting that the US military is open to consultations on escorting Philippine naval vessels in disputed areas of the South China Sea, has elicited an angry response from Beijing.
  • A collision between Chinese and Philippine vessels last week near the contested Sabina Shoal raised already-high tensions between Beijing and Manila leading to speculation the Philippines could look to invoke a mutual defence treaty with the US. This would represent a significant escalation.
241 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

(MNI) London - Chinese state media have issued a readout of Foreign Minister Wang Yi's meeting in Beijing with US National Security Adviser Jake Sullivan. Wang: 'the key to smooth Sino-US interaction is equal treatment. Starting from the position of strength is not the right way for countries to interact."

  • Wang: 'The United States should stop suppressing China in the fields of economy, trade and science and technology, and stop undermining China's legitimate interests. Using "overcapacity" as an excuse to engage in protectionism will only harm global green development and affect world economic growth.'
  • Wang: 'China firmly safeguards its territorial sovereignty and maritime rights and interests over the South China Sea islands, [...] The United States must not use bilateral treaties as an excuse to undermine China's sovereignty and territorial integrity, and must not support or condone the Philippines' infringing actions.'
  • Wang: 'Both sides agreed to hold video calls between the two militaries' theatre leaders at an appropriate time'.
Comments from head of US Indo-Pacific Command Adm. Samuel Paparo, suggesting that the US military is open to consultations on escorting Philippine naval vessels in disputed areas of the South China Sea, has elicited an angry response from Beijing.
  • A collision between Chinese and Philippine vessels last week near the contested Sabina Shoal raised already-high tensions between Beijing and Manila leading to speculation the Philippines could look to invoke a mutual defence treaty with the US. This would represent a significant escalation.