The treasure sec. Bessent says China can make a major trade agreement

Treasure Secretary Scott bet On Wednesday, “There is an opportunity for something big here about trade problems between the United States and Chinese.

“If they want to share, let’s together,” he said that during a look Institute of International Trade and Finance In Washington, DC

“This is an incredible opportunity. I think that Bridge founder Ray Galio They had to write something, it could call it a beautiful balance.

Dalio reported NBC on April 13 that he was worried about the president Donald Trumptoward tariff And economic policies would threaten the world economy and potentially to the point of “something worse than the recession”.

Bessent called IITF on Wednesday, “a plan to restore the global financial system and the institutions to protect it,” Azerbaijan, especially the World Bank and the International Monetary Fund.

“The IMF and the World Bank have a sustainable value,” Bessent said. “However, the mission crawls dismantled these institutions. We must apply basic reforms to ensure that Bretton serves stakeholders of Woods institutions.”

Bessent called World Bank To give credit to nations with advanced economic growth, including China.

The bank offered to give credit to China.

“The World Bank continues to lend to countries that end the borrowing criteria for the world bank annually,” Bessent said.

“It is no basic for providing a sustainable loan. This is the higher priorities and mass development of private markets. This is the efforts to move away from the world bank dependence and the rich, private sector.”

Bessent added: “Goes forward, for a long time to comply with the finishing criteria, the firm must determine the level of leave for the countries treated in the country.

“Although many Western markets are expensive, China’s growth was fast and impressive,” he said. “China, if he wants to play a role in the global economy, ends with real importance, then the country needs to graduate, welcome.”

– CNBC’s Erin doherty contributed to this story.

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