Yellen says US carefully monitoring China economy

Yellen says US carefully monitoring China economy

NEW DELHI: The United States is "carefully" monitoring China challenges, US Treasury Secretary Janet Yellen said Friday, as the slowdown in the world second largest economy raises concerns for global growth.
Many are worried about the Asian giant struggles, with the threat of recession in Europe and high inflation in many major economies contributing to a plunge in demand for Chinese goods.
"China faces a variety of both short and longer term global challenges, economic challenges that we have been monitoring carefully," Yellen told reporters in New Delhi, ahead of a two-day G20 summit.
"That said, China has quite a bit of policy space to address these challenges."