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In China’s bureaucratic circles, a summit like the weekend’s meeting with the US secretary of state might be referred to as “win-win”. In US diplomatic circles it’s… now also apparently known as that, too.
Rex Tillerson wrapped up two days of meetings in Beijing on Sunday with little progress made in narrowing the two sides’ stark differences on the North Korean nuclear crisis.
But to Beijing’s relief just weeks ahead of the first meeting between the two countries’ presidents, Mr Tillerson also argued that differences on any one issue should not be allowed to derail the overall relationship. Mr Tillerson’s opening remarks even included a healthy dose of Chinese Communist party jargon, such as the ever-popular call for seeking “win-win solutions”.In Asia Pacific equities, Sydney’s S&P/ASX index 200 is down 0.2 per cent early in the morning session, while futures tip Tokyo’s Topix to dip 0.1 per cent at the open and Hong Kong’s Hang Seng is set to drop 0.2 per cent when trading begins.
Corporate earnings reports out today include Citic Telecom International Holdings, Tongda Group Holdings, United Energy Group and Hong Kong & Shanghai Hotels.
The economic calendar for Monday doesn’t want to pile on too much too fast (all times Hong Kong):
- 16.00: Taiwan export orders