• China will approve export applications for controlled items
• US wide will accordingly lift a series of restrictive measures taken against China
• Both sides maintained close communication after the meeting in London

They’re being a little vague on the details but we all know that what they had offered is a gesture of goodwill with regards to rare earth exports, at least for the time being. But one thing China is making clear is that they are referring to all of this as just a “framework” and not a “deal”.

This article was written by Justin Low at www.forexlive.com.