U.S. Treasury Secretary Janet Yellen spoke on Tuesday at a press conference at the start of the International Monetary Fund and World Bank annual meetings in Washington.

• “Our view has been that raising consumer spending in China as a share of GDP (gross domestic product) is really important, along with measures to address problems in the property sector,”
• “So far I would say I haven’t really heard any policies on the Chinese side that address that.”

Yellen at the People’s Bank of China earlier this year

This article was written by Eamonn Sheridan at www.forexlive.com.



Source link