China foreign minister Wang Yi: China-US relationship has stabilize

• Relationship has stabilized but negative factors are building
• Sliding into conflict with the US would be a lose-lose situation
• We as the US not to interfere with China’s internal affairs

Blinken:

• There is not substitute for face to face diplomacy
• We need to avoid miscalculations
• Hopes US and China can make progress on agreements, citing fentanyl, military-to-military ties and AI risks

This mostly sounds positive but they’re hardly breaking out the champagne.

This article was written by Adam Button at www.forexlive.com.