US Treasury Secretary Janet Yellen said that the financial department heads of the Asia-Pacific Economic Cooperation (APEC) countries discussed the slowdown in the growth of the Chinese economy and the risks associated with it. This is in reference to Yellen’s speech at a press conference following the meeting of APEC finance ministers in San Francisco. RIA News.
According to the US Treasury Secretary, there was talk of a slowdown in the Chinese economy. Yellen noted that Treasury chiefs agreed that the risk of a decline in economic forecasts could affect not only the United States but also many APEC economies.
Previously reportedIt is predicted that economic growth in Asia-Pacific Economic Cooperation (APEC) countries will slow down in 2023 and remain below global levels.
The reasons cited include high interest rates in the United States, the weak recovery in China, and trade problems arising from tensions between the two countries.
Formerly US Secretary of State statedThat Russia and China currently pose “the most serious threat to world order” on the planet.