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US Treasury Team Flies to China to Discuss Subsidies, Policies
February 6, 2024
| The US government has sent a delegation of Treasury officials to Beijing this week for economic talks, which seek to prevent any escalation of bilateral tensions. A key topic on the agenda will be China’s “non-market” policies that are adding excess industrial capacity, a Treasury official said on Monday. The delegation, led by Treasury Undersecretary for International Affairs Jay Shambaugh, plans to hold frank conversations on Monday and Tuesday as part of the US-China Economic Working Group – set up late last year – about Beijing subsidies that the US says encourage overproduction of goods, potentially flooding global markets. Affected industries include electric vehicles, a sector whose d... |
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Issuer — USA
- Full nameUnited States Department of the Treasury
- Registration countryUSA
