No government is probably happier that the US Federal Reserve is completing the most aggressive tightening cycle in decades than Xi Jinping’s. Amid intensifying headwinds zooming China’s way, the idea of less monetary austerity in Washington – and fewer shocks in global capital markets – couldn’t arrive sooner. And odds are that Wednesday’s Fed interest-rate […]
As Fed wraps up tightening, Chinese yuan breathes easier
Beijing is focused on maintaining progress in internationalizing the yuan