Economy
Scott Bessent reportedly prioritizing preparations for Donald Trump's upcoming visit to Shenzhen, sources told SCMP.
Scott Bessent reportedly prioritizing preparations for Donald Trump's upcoming visit to Shenzhen, sources told SCMP.
US Treasury Secretary Scott Bessent might not attend the Apec finance ministers' meeting scheduled for later this month in Hong Kong. Sources familiar with the matter indicated to the South China Morning Post that Bessent's potential absence is due to a focus on preparations for President Donald Trump's significant visit to Shenzhen in November.
Bessent is anticipated to meet with Chinese Vice-Premier He Lifeng in Shenzhen. This meeting is expected to take place in advance of Trump's own visit, during which he will hold discussions with President Xi Jinping.
The primary objective of these engagements appears to be securing an extended bilateral trade truce. The current trade agreement is nearing its expiration date.
