US Sec. of State Blinken: Our purpose is not to contain China, to hold it back, to keep it down.
|In a CBS interview, published late Sunday, US Secretary of State Antony Blinken cites China’s military, economic, diplomatic capacity to undermine or challenge the rules-based order that the US “care so much about and are determined to defend.”
It should, however, be noted the US diplomat didn’t want to trigger any geopolitical risks while saying, “I want to be very clear about something. And this is important. Our purpose is not to contain China, to hold it back, to keep it down. It is to uphold this rules-based order that China is posing a challenge to.”
US’s Blinken further said, “I think what we-- what we've witnessed over the last-- several years is China acting more repressively at home and more aggressively abroad. That is a fact.”
Market implications
The news pulls the S&P 500 Future back from the intraday top but off in China and Japan restricts the market reaction.
Read: S&P 500 Futures consolidate Friday’s losses below 4,200
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.