Beijing is right to fear a rate-raising Federal Reserve – American Enterprise Institute

March 15, 2017
Beijing is right to fear a rate-raising Federal Reserve
American Enterprise Institute
The last thing that the Chinese economy now needs is a tightening in the U.S. credit cycle and a rising U.S. dollar. Such a combination is bound to complicate Beijing’s efforts to deal with its capital outflow problem, to prevent an undue depreciation

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