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US Treasury Secretary Bessent calls for 'de-risk, not decouple' with China

By PulseAugur Editorial · [1 sources] ·

US Treasury Secretary Scott Bessent advocated for a balanced trade relationship with China, emphasizing "de-risk, not decouple" during speeches in New York. Chinese ambassador Xie Feng, also speaking in New York, highlighted the importance of adhering to "red lines" and cautioned against underestimating challenges in the bilateral relationship. Bessent stressed that trade should benefit both nations without compromising sovereignty, noting the significance of the upcoming leader-level summit. AI

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AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

US Treasury Secretary Bessent calls for 'de-risk, not decouple' with China

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The cluster discusses policy statements and diplomatic remarks rather than a specific event like a product launch or funding round.
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policy
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COVERAGE [1]

  1. SCMP — Tech TIER_1 Français(FR) · Lucy Quaggin ·

    Bessent urges US, China to ‘de-risk, not decouple’ as Xie points to ‘red lines’

    US Treasury Secretary Scott Bessent called for a more balanced trade relationship with China, with the objective to “de-risk, not decouple”, as Chinese ambassador Xie Feng spoke of adhering to “red lines” at an event in New York on Tuesday. “Trade must advance the interests of bo…

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