Market news
16.11.2022, 02:30

UK PM Sunak: China's authoritarian leadership is intent on reshaping international order

UK Prime Minister Rishi Sunak said early Wednesday, via Reuters, he “will meet Chinese President Xi to underline the need for "a frank and constructive UK-China relationship."

Further comments

To encourage China to use its place on the global stage responsibly to resolve geopolitical tensions.

To encourage China to also ensure regional stability and play its part in tackling the "devastating global impact of the war in Ukraine."

To stress that the pre-condition for any UK-China engagement will "always be the UK’s national security, including our economic security."

To underline the importance UK places on defending human rights and of "speaking out and taking action where we have concerns" as it has done over Hong Kong and Xinjiang.

The challenges posed by China are systemic and they are long-term.

China is a country with fundamentally different values to ours, with an authoritarian leadership intent on reshaping the international order.

Market reaction

GBPUSD was last seen trading at 1.1878, up 0.14% so far. The US Dollar is losing its recovery momentum following comments from US President Joe Biden that the missile strike in Poland is unlikely from Russia.  

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location