US Treasury Deputy: China's Economy Facing Headwinds

(Newsmax)

Monday, 11 September 2023 08:54 AM EDT ET

U.S. Deputy Treasury Secretary Wally Adeyemo on Monday said China's economy is facing "significant" headwinds but has the resources to deal with them short-term, adding that the United States has limited exposure to the Chinese economy.

Longer-term, China faces structural economic issues such as demographics and high debt, Adeyemo told CNN in an interview.

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U.S. Deputy Treasury Secretary Wally Adeyemo on Monday said China's economy is facing "significant" headwinds but has the resources to deal with them short-term, adding that the United States has limited exposure to the Chinese economy.
u.s., china, economy, treasury secretary, adeyemo
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Monday, 11 September 2023 08:54 AM
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