Workers unload a truck in front of the People’s Bank of China, in Beijing on December 13. Economists predict China will start adding fiscal stimulus in early 2022 after the country’s top officials said their key goals for the coming year include counteracting growth pressures and stabilising the economy. Photo: Bloomberg
Workers unload a truck in front of the People’s Bank of China, in Beijing on December 13. Economists predict China will start adding fiscal stimulus in early 2022 after the country’s top officials said their key goals for the coming year include counteracting growth pressures and stabilising the economy. Photo: Bloomberg
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Why China is seeking a weaker yuan as the US and UK take a more hawkish monetary policy stance

  • The Fed and Bank of England tilt is in stark contrast to the dovish tone from Beijing, where recent People’s Bank of China decisions suggest to currency markets that officials would rather not see the yuan continue to strengthen

Neal Kimberley
Neal Kimberley

Updated: 2:30pm, 21 Dec, 2021

Why you can trust SCMP
Workers unload a truck in front of the People’s Bank of China, in Beijing on December 13. Economists predict China will start adding fiscal stimulus in early 2022 after the country’s top officials said their key goals for the coming year include counteracting growth pressures and stabilising the economy. Photo: Bloomberg
Workers unload a truck in front of the People’s Bank of China, in Beijing on December 13. Economists predict China will start adding fiscal stimulus in early 2022 after the country’s top officials said their key goals for the coming year include counteracting growth pressures and stabilising the economy. Photo: Bloomberg
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