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Yellen Says US ‘Monitoring Carefully’ China’s Economic Woes but Sees No Significant Impact on US Economy

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08 September 2023
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Yellen Says US 'Monitoring Carefully' China's Economic Woes but Sees No Significant Impact on US EconomyNEW DELHI, India—Treasury Secretary Janet Yellen said on Friday that the United States is keeping a careful eye on the economic situation in China, but there is no reason to worry that it will have a significant impact on the United States. Speaking at a press briefing on the sidelines of the G-20 summit in India, Ms. Yellen said China faces a variety of short- and long-term economic challenges. She highlighted low consumer spending and long-standing problems in the property sector of China. “We’ve been monitoring carefully, including the less of a pickup in consumer spending than had been anticipated in the aftermath of the COVID restrictions, as well as long-standing issues with respect to the property sector and debt related to that,” Ms. Yellen said....

Read more https://www.theepochtimes.com/us/yellen-says-us-monitoring-carefully-chinas-economic-woes-but-sees-no-significant-impact-on-us-economy-5488173

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