A Chinese vendor waits for buyers at his fruit stall in a market in Beijing. For China, the Fed’s reduction in its balance sheet will put the People’s Bank of China in a difficult position, say analysts, with many financial institutions already facing tighter liquidity due to the ongoing regulatory crackdown. Photo: EPA
Laura He
Opinion

Opinion

Across The Border by Laura He

How the Fed’s balance sheet unwind and return to financial ‘normalisation’ will hit China

The US’s post-crisis-era policies could hammer asset prices across the world, and exchange rates in emerging economies

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A Chinese vendor waits for buyers at his fruit stall in a market in Beijing. For China, the Fed’s reduction in its balance sheet will put the People’s Bank of China in a difficult position, say analysts, with many financial institutions already facing tighter liquidity due to the ongoing regulatory crackdown. Photo: EPA
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