Fed's Yellen: China's Economy Slowing From Rapid Growth

The transcript discusses the economic transformation towards a consumer-based economy, highlighting the progress made and challenges faced. It addresses market disruptions due to currency management and exchange rate strategies, including the selling of Treasurys to support the currency. Recent months have seen calmer markets, indicating improved stability.

What is the overall sentiment about the economic transformation process?

What is the significance of the United States' standpoint in this context?