China to work with Asia to secure trade rules

Bloomberg

China will work with other Asian countries to safeguard international trade rules, as well as the monetary and financial order, according to its former central bank Governor Zhou Xiaochuan.
The country is determined to uphold multilateralism, and is accelerating the pace of its opening-up to integrate more completely into the global economy, Zhou said at the Singapore Summit conference. It will also continue to build the Belt and Road Initiative with Asian counterparts. “The latest months of 2019 have witnessed many twists and turns and escalating trade sanctions,” said Zhou. “We sincerely hope that the trade negotiations, which just renewed and will have significant talks in October, can help narrow divergence and get discussions back on track.”
The ongoing trade war between the US and China has roiled global markets and worsened in May when talks broke down. Officials on both sides held discussions in Washington this week with the aim of setting up high-level talks around October 10.
China is also promoting the conclusion of the Regional Comprehensive Economic Partnership negotiations in the region, Zhou said.