Treasury Secretary Scott Bessent said Beijing has a choice on whether or not to be a dependable partner with the rest of the world, reiterating that China needs to shift to a more consumption-led economy to help ease global imbalances.

Scott Bessent, the US Treasury Secretary, used his appearance at the American Swiss Foundation Leadership Summit in Zurich on Tuesday to send a direct warning

Treasury Secretary Scott Bessent said Sunday that China is withholding critical minerals it agreed to release in a trade deal the country signed with U.S. negotiators last month in Geneva. "What China is doing is they are holding back products that are essential for the industrial supply chains of India,