US Treasury Secretary Bessent on China says the Board of Investment will discuss nonstrategic, nonsensitive areas where the Chinese could invest; pushes back against USD 1tln number

The comments from Treasury Secretary Bessent signal a potential thaw in U.S.-China relations, particularly regarding foreign investment in non-sensitive sectors. This could influence investor sentiment across various assets, including the USD, as easing trade tensions might foster a more favorable environment for risk assets. However, the emphasis on non-strategic areas suggests that significant barriers to full integration remain, tempering any bullish outlook with caution.