Top US Treasury Officials Will Travel to China to Ease Economic Tensions
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The US Treasury is sending an envoy of department officials to China this week to discuss a range of economy issues, including practices around government subsidies and concerns about flooding the market with cheap products. The discussions will also touch on China's status as one of the world's largest creditors to emerging markets economies and ways to help countries with their sovereign debt loads to allow them to invest in climate initiatives. The talks will be led by Jay Shambaugh, the department's Under Secretary for International Affairs, and could lay the groundwork for Treasury Secretary Janet Yellen's second trip to China. Officials from the two countries will also discuss joint efforts to combat climate change. This meeting will be the first in Beijing for the economic working group established last September.

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https://www.businessinsider.com/top-us-treasury-officials-delegations-travel-china-ease-economic-tensions-2024-2