Treasury Secretary Reports Significant Advancements in China Talks

May 11, 2025 - 20:59

Treasury Secretary Scott Bessent announced on Sunday that two days of discussions with Chinese officials have led to what he described as "substantial progress." The talks, which focused on various economic and trade issues, appear to have paved the way for enhanced cooperation between the two nations. Bessent emphasized the importance of these discussions in addressing mutual concerns and fostering a more stable economic relationship.

During a brief statement, he expressed optimism about the outcomes of the negotiations, noting that both sides are committed to finding common ground. He also assured the public that a complete briefing with detailed insights into the discussions would be provided on Monday morning. This announcement comes at a crucial time as the global economy faces numerous challenges, and the relationship between the United States and China remains a focal point for international trade dynamics. Stakeholders are eagerly awaiting the forthcoming details to better understand the implications of these talks.