Treasury: US, China officials agree to climate finance work

9 days ago WNYT.com

The meeting comes as the U.S. and Chinese economies grapple with differing, but intertwined challenges on trade, technology and more. The Chinese economy is reopening after a COVID-19 resurgence killed tens of thousands of people and shuttered countless businesses. The debt issue is of keen interest to Asia, as China is the second-largest holder of U.S. debt. Several low-income countries are at risk of debt default in 2023 and many of them owe large sums to China. The Chinese economy will see a significant improvement,” he said.
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