June 03, 2022 - 11:01 AM 269 views
On late Thursday, China’s Foreign Ministry spokesman
Zhao Lijian warned that the United States of America's (US) prohibition of
imports from the Xinjiang region would severely affect the ties and spark a war
between the countries over human rights.
If the act is
implemented, it would severely disrupt the normal cooperation between the USA
and China and their internal industries and production chains.
States of America (USA) cannot execute the Uyghur Forced Labor Prevention Act
and, in other words, tries to shuffle China’s development.
If the USA
persists in doing so, then China will take vigorous measures to protect its own
rights, dignity, and interests.
It comes when the United States of America (USA) officials are apt to implement a prohibition on imports from China’s Xinjiang region until a law requiring it takes effect later this month, on June 21.
Despite the market's thinning conditions due to the
holidays, risk sentiment remained high. On the day, the S&P 500 futures are
up 0.13 percent. Although the AUD/USD is failing to profit from the risk-on
flows, it is currently probing lows near 0.7255.