Yellen says U.S. plans to ‘underscore’ need for China to shift policy

Contributing sentiments towards policy:

50% : However, instead of global trade, Beijing's oversupply concerns tend to focus on the deflationary aspects, detriments to banking sector health and local governments' fiscal stress, said Yue Su, principal economist for China at The Economist Intelligence Unit."We anticipate further anti-subsidy and anti-dumping investigations on Chinese manufacturing to take place throughout the remainder of the year, particularly as inflation becomes less of a concern for many developed economies," Su said.
47% : High costs of living, including housing and health care, have encouraged many Chinese to save rather than spend.
44% : In contrast to governments in the U.S. and Hong Kong, Beijing did not issue stimulus checks, but instead focused on cutting business taxes and fees.
39% : The two countries also agreed to "start Joint Treasury-PBOC Cooperation and Exchange on Anti-Money Laundering to expand cooperation against illicit finance and financial crime," the readout said.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.