Bessent says he met Chinese counterpart at Davos

DAVOS, Switzerland, Jan 20 (Reuters) - U.S. Treasury Secretary Scott Bessent said he had a meeting with his Chinese counterpart in Davos late on Monday and discussed soybean purchases.

"I had a meeting with my Chinese counterpart here in Davos last night, Vice Premier He Lifeng. He told me that just this week, they have completed their soybean purchases, and we're looking forward to next year's 25 million tons," Bessent said during an appearance at the World Economic Forum.

Bessent also said rare earths were flowing from China as expected.