- April 11, 2023
- Posted by: admin
- Category: Daily News
- The US is not seeking to decouple its economy from China or limit the country’s growth, the Treasury’s top international official said on 10 Apr.
- “We occasionally have issues with different economic policies in China and we will always defend US economic interests as well — but we will not in any way be trying to separate these two economies entirely,” Jay Shambaugh, Treasury Undersecretary for International Affairs said.
- Shambaugh’s remarks come as finance ministers and central bank governors from around the world start gathering in Washington for the IMF-World Bank spring meetings, where the issue of debt relief for poorer nations is expected to feature prominently in discussions.
- Treasury officials will be talking to their Chinese counterparts this week (10-14 Apr), Shambaugh said, noting that the world’s two biggest economies need to be able to collaborate, especially when it it comes to addressing global issues.