The People’s Bank of China is stepping up liquidity support for domestic businesses and increasing its monitoring of cross-border capital flows amid concerns over Washington’s massive new fiscal stimulus plan. Photo: Bloomberg The People’s Bank of China is stepping up liquidity support for domestic businesses and increasing its monitoring of cross-border capital flows amid concerns over Washington’s massive new fiscal stimulus plan. Photo: Bloomberg
The People’s Bank of China is stepping up liquidity support for domestic businesses and increasing its monitoring of cross-border capital flows amid concerns over Washington’s massive new fiscal stimulus plan. Photo: Bloomberg
China economy

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

  • Beijing and Washington are moving in opposite directions in their attempts to support their respective economies
  • Chinese officials and policy advisers have been highly critical of US President Joe Biden’s new US$1.9 trillion American Rescue Plan

Topic |   China economy
The People’s Bank of China is stepping up liquidity support for domestic businesses and increasing its monitoring of cross-border capital flows amid concerns over Washington’s massive new fiscal stimulus plan. Photo: Bloomberg The People’s Bank of China is stepping up liquidity support for domestic businesses and increasing its monitoring of cross-border capital flows amid concerns over Washington’s massive new fiscal stimulus plan. Photo: Bloomberg
The People’s Bank of China is stepping up liquidity support for domestic businesses and increasing its monitoring of cross-border capital flows amid concerns over Washington’s massive new fiscal stimulus plan. Photo: Bloomberg
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