Bessent: China has an opportunity for ‘something big’ with

Treasury Secretary Scott Bessent, on Wednesday, if he was ready to step into the step by stepping step to redistribute the economy, said that an opportunity for a “big deal” to reduce the tariffs.

Bessent conveyed the main speeches (IIF) at the International Finance Institute, and China and China will be ready to adapt to more consumption and production exports to more consumption and production exports.

“There is an opportunity for something big here,” he said. “The United States is re-visiting production. The identity would be less consumed.”

“If China does not seriously approach less dependence than the production increase in exports – I think that if it is less than a while than in domestic circulation, it is really a single draw.

The Global Outlook Forum of the Treasury Secretary Scott Bessent International Finance Institute (IIF), IMF and the World Bank Sidelook forum, 23 April 2025 in Washington, notes the World Bank in 2025-year Spring meetings. (Reuters / Elizabeth Frantz / Reuters)

During the main address, Bessent believed why Trump management believed why the management should be re-balanced in China’s economic system.

“The latest information shows that the Chinese economy is farther away from the consumption. If the China’s economic system allows growth and the continuation of the status quo, it will continue to create a more serious imbalance,” he said.

“China’s current economic model results in its economic difficulties. This is not only to the world, not harm to China, not all over the world.” “China needs to change. Need to change the country. Everyone knows that it needs to change and want to change it because we need to help change.”

Bessent said that the United States is an opportunity for the “something big” about trade. (Getty Images / Victor J. Bloomberg via Getty Images)

The Treasury Secretary will help the Chinese economy to direct its economy to direct its economy to domestic consumption, and the international economic system will adapt to a more stable balance.

“The Chinese economy can start managing exports and to support its consumers and domestic needs,” he said. “Such a change will help the global balance that the world needs a hopeless way.”

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