Bessent urges US-China 'de-risk, not decouple'; Xie cites red lines ahead of summit

US Treasury Secretary Bessent called for a balanced trade relationship with China, advocating 'de-risk, not decouple,' while Chinese Ambassador Xie Feng emphasized 'red lines' at a New York event. The statements set the tone ahead of a planned leaders' summit next week, signaling both sides' willingness to manage tensions but with unresolved core disputes. The meeting's outcome will test whether the de-risking framework can hold amid ongoing strategic competition.

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