US Treasury Secretary Bessent announces meeting with China's He Lifeng

US Treasury Secretary Scott Bessent announced during a House Financial Services Committee hearing that he plans to meet with Chinese Vice Premier He Lifeng this weekend. The upcoming discussions come as the US administration continues to engage with Beijing on bilateral economic relations.

In his testimony, Bessent also highlighted recent financial enforcement measures taken by the United Arab Emirates. He stated that the UAE has taken proactive steps to disrupt Iran-linked financial flows, which includes severing trade connections and halting financial transactions associated with Tehran.

Sources: Bloomberg