Top Treasury Official Says US Not Seeking China Decoupling

• 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.

External Link : https://www.bloomberg.com/news/articles/2023-04-10/top-treasury-official-says-us-not-seeking-decoupling-from-china