American Rescue Plan: China moves to counter ‘turmoil in financial markets’ as policy divergence widens with US

//American Rescue Plan: China moves to counter ‘turmoil in financial markets’ as policy divergence widens with US

American Rescue Plan: China moves to counter ‘turmoil in financial markets’ as policy divergence widens with US

China’s central bank is stepping up liquidity support for domestic businesses and increasing its monitoring of cross-border capital flows as concerns persist over the side effects of Washington’s massive new fiscal stimulus plan.The moves by the People’s Bank of China come amid a growing divergence in the recent economic policy responses by the United States and China, with Washington boosting stimulus significantly while Beijing starts to taper off its economic-support policies enacted last…

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By | 2021-03-15T16:30:22+00:00 March 15th, 2021|Headlines|Comments Off on American Rescue Plan: China moves to counter ‘turmoil in financial markets’ as policy divergence widens with US