China better placed to prevent, defuse risks of external shocks ahead of Fed rate cut, forex regulator says

//China better placed to prevent, defuse risks of external shocks ahead of Fed rate cut, forex regulator says

China better placed to prevent, defuse risks of external shocks ahead of Fed rate cut, forex regulator says

China must prevent and defuse the risk of external shocks this year while strengthening macroprudential management and guiding market expectations, the country’s foreign exchange regulator said on Friday.The comments come as the US Federal Reserve is widely expected to start hiking interest rates as early as March, while its Chinese counterpart has stepped up monetary easing to prop up a slowing economy, raising concerns about possible capital outflows due to the policy divergence.During the…

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By | 2022-01-21T06:00:21+00:00 January 21st, 2022|Headlines|Comments Off on China better placed to prevent, defuse risks of external shocks ahead of Fed rate cut, forex regulator says