(Reuters) – U.S. Treasury Secretary Janet Yellen mentioned on Tuesday she had not but seen any measures introduced by China to handle low client spending as a share of its financial system.
“Our view is that it's actually necessary to extend client spending in China as a share of GDP (gross home product), in addition to measures to handle the issues in the actual property sector,” Yellen mentioned throughout of a press convention at the beginning of the Worldwide Financial Convention. Annual conferences of the Fund and the World Financial institution in Washington. “Thus far, I might say I haven’t actually heard of any coverage from the Chinese language aspect that addresses this challenge.”
