Insights on Economy to be Gained from Yellen’s China Trip as Data Visibility Declines

During their second visit in nine months, US Treasury Secretary Janet Yellen and her team are hoping to gain valuable insights on the true state of China’s economy. While no significant policy agreements are expected, they are looking 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. 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 the challenges in accessing accurate information, Yellen and her team are determined to gather important clues about the world’s No. 2 economy. They hope that their discussions with Chinese officials will provide them with a clearer understanding of China’s economic trajectory and its impact on global markets.

By Sophia Gonzalez

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