Top Treasury Official Says US Not Seeking China Decoupling
- Treasury Undersecretary Jay Shambaugh speaks on Bloomberg TV
- Shambaugh says US, China must work together on global issues
Jay Shambaugh
Photographer: Andrew Harrer/Bloomberg
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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 Monday.
“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 in an interview with Bloomberg Television’s David Westin. “This is neither practical nor in our interest.”