US Treasury Secretary Bessent to meet Chinese counterpart this weekend

US Treasury Secretary Scott Bessent stated in an address to the House of Representatives that he will meet with his Chinese counterpart, He Lifeng, this weekend ahead of the summit between President Donald Trump and Xi Jinping scheduled for this month.

Critical Contact Ahead of Summit

US Treasury Secretary Scott Bessent touched upon important diplomatic contacts during his speech at the House of Representatives. Minister Bessent stated that preparations are ongoing ahead of the summit between US President Donald Trump and Chinese President Xi Jinping scheduled for later this month.

Weekend Meeting

Bessent announced that he will hold a bilateral meeting with his Chinese counterpart, He Lifeng, this weekend within this scope. Various global and economic issues are expected to be addressed during this meeting between the economic managements of the two countries.

Iran Sanctions and Economic Pressure

Emphasizing that the US is going through a process of increasing economic pressure on Iran, Minister Bessent expressed that he looks forward to discussing war-related sanctions with his counterpart. It was noted that these issues will be among the important agenda items of the meeting.

UAE Contacts and IMF Process

Bessent also stated in his remarks that a Treasury official recently visited the United Arab Emirates and held highly productive discussions. On the other hand, he noted that the International Monetary Fund (IMF) is conducting advanced discussions with China regarding economic imbalances.