Bessent Plans First Call With China Counterpart on Friday

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Bessent Plans First Call With China Counterpart on Friday

^{Published on 2025-02-21 02:00:46 - Bloomberg}

Treasury Secretary Scott Bessent said he will hold his first introductory call with his Chinese counterpart on Friday, and reiterated longstanding US calls for its biggest geostrategic rival to rebalance its economy toward domestic consumption.

The article from MSN discusses U.S. Treasury Secretary Janet Yellen's planned call with her Chinese counterpart, Vice Premier He Lifeng, scheduled for Friday. This will be their first conversation since He Lifeng was appointed to his role, replacing Liu He. The call aims to address ongoing economic dialogues between the U.S. and China, focusing on managing their economic relationship amidst various global economic challenges. The discussion is part of broader efforts to stabilize and enhance communication between the two economic superpowers, especially in light of recent tensions over trade, technology, and geopolitical issues.

Read the Full Bloomberg Article at:
[ https://www.msn.com/en-ph/money/markets/bessent-plans-first-call-with-china-counterpart-on-friday/ar-AA1zrvzS ]

Contributing Sources

Bloomberg

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Bessent Plans First Call With China Counterpart on Friday