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.