GDP - Top US Treasury Officials Visit China To Discuss Economic Policies Amid Turbulence | Benzinga

The U.S. Treasury Department is sending a high-level delegation to Beijing for discussions on China’s economic policies and practices. The visit comes at a time of significant economic instability in China.

What Happened: A team of five senior officials from the U.S. Treasury Department is set to meet with their Chinese counterparts this week. The primary focus of the discussions will be China’s trade strategies, particularly its use of non-market economic practices and industrial overcapacity, CNN reported on Monday.

The delegation, led by Jay Shambaugh, the Treasury’s undersecretary for international affairs, will also address broader economic issues, including potential risks to the global economy and fiscal and central bank policies.

The visit is significant as it marks the first time the economic working group is meeting in Beijing since its inception in September after Treasury Secretary Janet Yellen's trip to China. This comes amid a period of economic turmoil in China, with the country’s financial markets experiencing a severe downturn.

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