April 20, 2024 3:43 am
Insights on Economy to be Gained from Yellen’s China Trip as Data Visibility Declines

The US Treasury Secretary Janet Yellen and her team are set to embark on their second visit to China in nine months, with the aim of gaining valuable insights into the true state of China’s economy. While no significant policy agreements are expected, they hope to gather important information through bilateral talks.

China has been limiting the availability and discussion of certain data, particularly amidst concerns over a property crisis and geopolitical tensions. As a result, the Yellen delegation is particularly interested in understanding the measures that China is considering to meet its 2024 growth goal. This will be a key focus during the visit, as they aim to gather important details about the Chinese economy.

Despite these challenges in accessing accurate information, Yellen and her team are determined to gather important clues about the world’s No. 2 economy. They believe that by doing so, they can better understand how China’s economic policies may impact their own country’s economic stability and growth prospects.

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