
US Treasury fines financial giant 190 billion yen for neglecting China-related money laundering measures
AI-generated summary
The U.S. Treasury Department announced on the 6th that U.S. Treasury Secretary Bessent and Chinese Vice Premier He Lifeng had a telephone conversation on the same day. They discussed the US-China economy and the implementation of the agreement reached at the summit in South Korea last year.
[Washington, Beijing Current Affairs] The U.S. Treasury Department announced on the 6th that U.S. Treasury Secretary Bessent and Chinese Vice Premier He Lifeng had a telephone conversation on the same day. Discussions included the US-China economy and the implementation of the agreement reached at the summit in South Korea last year. The United States and China are scheduled to hold a summit meeting in conjunction with the Asia-Pacific Economic Cooperation (APEC) summit to be held in Shenzhen, China, in the middle of this month, and it appears that coordination has progressed.
US Treasury fines financial giant 190 billion yen for neglecting China-related money laundering measures
The meeting was also attended by U.S. Trade Representative Greer. Both countries confirmed the importance of "maintaining direct and frank communication." Bessent said the United States has communicated its intention to pursue trade and economic policies that strengthen economic and national security.
Bessent said on X (formerly Twitter) that the meeting emphasized the importance of China implementing the agreement. ``I expressed my concerns about China's recent measures,'' he said. "It is critical that we take concrete action to fully implement our commitments on agricultural purchases and critical minerals," Greer said.
AI outlook — possibilities, not facts
The US-China summit will be held in conjunction with the APEC summit to be held in Shenzhen, China, in the middle of this month.
Likely · Within weeks

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