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BackUS Treasury Secretary Scott Bessent to Meet Chinese Vice Premier He Lifeng Ahead of Trump-Xi Summit
US Treasury Secretary Scott Bessent to Meet Chinese Vice Premier He Lifeng Ahead of Trump-Xi Summit
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SCMP Economy39 minutes agoPolitics1 min readChina

US Treasury Secretary Scott Bessent to Meet Chinese Vice Premier He Lifeng Ahead of Trump-Xi Summit

Preparatory talks to focus on economic outcomes and AI safety ahead of presidential meeting in Washington

scott bessenthe lifengdonald trump

Quick Look

US Treasury Secretary Scott Bessent will meet Chinese Vice Premier He Lifeng this weekend to finalize preparations for the upcoming summit between President Donald Trump and President Xi Jinping in Washington, covering economic issues and AI governance.

AI-generated summary

Why It Matters

The meeting serves as a final preparatory step for the upcoming bilateral summit between President Trump and President Xi in Washington.

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US Treasury Secretary Scott Bessent on Tuesday confirmed that he will meet Chinese Vice Premier He Lifeng this weekend for the final preparatory talks between the two sides, less than a week before Chinese President Xi Jinping travels to Washington for a bilateral summit with US President Donald Trump.

“With China, we have had some very good private discussions, and I look forward to those continuing this weekend when I meet my Chinese counterpart Vice [Premier] He Lifeng,” Bessent said during a House Financial Services Committee hearing.

Bessent was responding to a question about the alleged role of Chinese banks in facilitating commercial transactions with Iran and whether Washington planned to take action against them.

Bessent is expected to discuss the likely economic outcomes of the Trump-Xi summit and begin preparatory dialogue on artificial intelligence safety and governance.

What to Watch

AI outlook — possibilities, not facts

  • Bessent and He Lifeng will meet this weekend.

    Very likely · Within days

Open Questions

  • Will the US take action against Chinese banks regarding Iran transactions?
  • What specific AI governance frameworks will be proposed?

Related Topics

scott bessent
PeopleScott BessentHe LifengXi JinpingDonald Trump
OrganizationsUS TreasuryHouse Financial Services Committee
PlacesWashington
Topicshe lifengdonald trumpxi jinpingus-china relationsai safety
This article was originally published by SCMP Economy.

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