CHINA'S FOREIGN MINISTER SAYS THE MULTILATERAL TRADING SYSTEM MUST BE SAFEGUARDED, MORE OPEN TRADING ORDER MUST BE FOSTERED

China's Foreign Minister has publicly called for safeguarding the multilateral trading system and fostering a more open trading order, a statement that signals Beijing's continued positioning as a defender of WTO-based rules. The remarks reflect a broader diplomatic framing rather than a specific policy change, so the immediate transmission runs mainly through risk sentiment toward Chinese equities and the renminbi, where trade-policy rhetoric tends to shift expectations about tariff escalation and export-sector access. Chinese exporters, particularly those exposed to US and EU markets, and dollar-denominated Chinese equities listed in Hong Kong and the US would be most sensitive, since markets typically price trade-tension headlines through these channels. Traders should watch China's monthly trade balance and export data from customs, along with any follow-up measures from US or EU trade authorities that would test whether this rhetoric translates into concrete tariff or market-access decisions.

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