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Yellen’s Visit to China Expected to Provide Economic Insights amid Decreasing Data Transparency

Byeditor

Apr 3, 2024

US Treasury Secretary Janet Yellen and her team are making their second visit to China in nine months, following a series of bilateral talks. The purpose of the visit is to gain valuable insights into the true state of the world’s No. 2 economy, even though no significant policy agreements are expected to be made during this trip.

China has been more restrictive in sharing and discussing certain data in recent years, likely due to economic challenges such as a property crisis and geopolitical tensions. The Yellen delegation is keen on gathering information about the Chinese economy, including the measures that Beijing is considering to meet the government’s growth goal for 2024. This focus demonstrates the importance of understanding China’s economic landscape in the current global context.

By engaging in dialogue and gathering information during their visit, the US Treasury team hopes to glean a better understanding of the challenges and opportunities facing China’s economy. This information will be crucial in shaping future policy decisions and maintaining strong economic ties between the two countries. Despite the lack of anticipated policy agreements, the visit serves as a valuable opportunity to deepen bilateral cooperation and mutual understanding between the US and China.

By editor

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