The U.S. Treasury Department has recently forged working groups with China on economic and financial matters. A China affairs observer believes the move is designed to minimize the risk of a significant shock to the United States and the world in the event of a Chinese economic collapse. The U.S. Department of Treasury announced Sept. 22 that one of the groups will focus on economic topics, working with China’s Ministry of Finance, and the other on financial topics, partnering with China’s Central Bank (the People’s Bank of China). The establishment of the working groups could be seen as a result of discussions by U.S. diplomats with their Chinese counterparts during visits to China this summer. Those efforts included a July talk between U.S. Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng, as well as a late August dialogue between Commerce Secretary Gina Raimondo and Chinese Commerce Minister Wang Wentao....Read more https://www.theepochtimes.com/china/analysis-new-us-china-working-groups-hope-to-prevent-chinas-lehman-moment-5501032