Thursday , 7 November 2024
Home Forex Yellen says China stimulus efforts fail to address 2 key areas of shaky Chinese economy
Forex

Yellen says China stimulus efforts fail to address 2 key areas of shaky Chinese economy

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.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Japan’s Top FX Diplomat Mimura: Closely watching FX moves with a high sense of urgency

Atsushi Mimura, Japan’s Vice Finance Minister For International Affairs and top foreign...

China state banks seen selling USD/CNY – intervention to slow yuan drop

They did the same yesterday. They won't stop a rampant US dollar,...

Australian Dollar remains tepid following a lower Trade Balance, Trump’s victory

The Australian Dollar (AUD) remains subdued against the US Dollar (USD) for...

Trump Victory Implications: Market Outlook and Sector Analysis

Abrdn plc (formerly Standard Life Aberdeen plc) is a United Kingdom-based investment...