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Treasury Secretary Scott Bessent says China's economy needs to change
  • Finance

Treasury Secretary Scott Bessent says China’s economy needs to change

Cs news2 months ago2 months ago05 mins

Treasury Secretary Scott Bessent said Wednesday that China’s current economic model — built on “exporting its way out of economic troubles” — is unsustainable, and that the U.S. wants to help it change. How Trump’s tariffs could make your iPhone cost $3,500 In his keynote address at the Institute of International Finance in Washington, D.C.,…

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  • Hong Kong stocks slide as China factory activity contracts before US trade deadline June 30, 2025
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