US Treasury Secretary Scott Bessent, China’s Vice Premier He Lifeng to lead trade talks in New York

China: The People's Republic of China is a major global economy that maintains extensive trade and diplomatic relations with the United States. Its leadership engages in structured consultations to address economic imbalances and strategic issues. In this context, China is represented in direct talks with US officials on trade and pressure points. He Lifeng: He Lifeng is China’s Vice Premier and a member of the Political Bureau of the Communist Party of China Central Committee, with responsibilities in economic planning and international trade negotiations. He is leading the Chinese delegation for economic consultations in the US. Recent announcements confirm his role in coordinating with US counterparts ahead of higher-level summits. US Treasury: The US Department of the Treasury is the federal agency responsible for managing government finances, economic policy, and international financial relations. It is currently led by Secretary Scott Bessent, who oversees efforts to address fiscal challenges and engage with foreign counterparts on trade matters. In this news, the department is directing the US side of talks with China on economic issues. Scott Bessent: Scott Bessent serves as the US Treasury Secretary in the Trump administration, focusing on economic policy implementation and bilateral financial diplomacy. He has been actively involved in preparing for high-level meetings with Chinese officials on trade and related topics. His recent public statements highlight ongoing private discussions and upcoming in-person engagements with counterparts. Trade Dialogue Focus: The discussions center on economic and trade issues of mutual concern, guided by prior consensus between the heads of state and including topics such as AI and regional matters. Diplomatic Engagement: US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are set to hold direct talks in New York as part of preparations for a leaders' summit between President Trump and President Xi. Bilateral Preparations: The meetings occur ahead of broader US-China economic consultations scheduled through September 23, building on recent phone discussions and mechanisms for ongoing communication.