China confirms Vice Premier He Lifeng to talk trade with Bessent this week

The news is out already:

• "Sources" say US' Bessent and Greer to meet with China rep on Economic Matters this week
• Australian dollar higher on talk of Bessent/Greer/ China Vice Premier He Lifeng meeting

An official statement out of China now confirms the meeting:

• China’s Vice Premier He Lifeng will visit Switzerland from May 9–12
• He is the Chinese leader for trade negotiations, and as such will hold talks with US Treasury Secretary Bessent during his visit

Initial talks have been a long time coming, with Trump more or less begging for a call with Chinese President Xi and Xi ignoring him. Finally getting a start it seems.

S&P 500 futures (this is a CFD that tracks ES) higher on Globes: