Senior Chinese officials told United States Treasury Secretary Janet Yellen they are optimistic that China can resume normal economic growth and avert a crisis in its property sector, Axios reported Wednesday, citing a Treasury official.
The report specifically refers to the meeting between Yellen and Chinese Vice Premier Liu He at the World Economic Forum in Zurich (Switzerland).
The source added that the Chinese delegation did not elaborate on the topic; however, they emphasized the efforts made to provide a more level playing field for the Chinese private sector to compete with state-owned enterprises.
