The People’s Bank of China (above) has taken notice of recent market discussions over a potential tightening by the US Fed, but banking authorities say China’s financial markets are operating smoothly. Photo: Reuters The People’s Bank of China (above) has taken notice of recent market discussions over a potential tightening by the US Fed, but banking authorities say China’s financial markets are operating smoothly. Photo: Reuters
The People’s Bank of China (above) has taken notice of recent market discussions over a potential tightening by the US Fed, but banking authorities say China’s financial markets are operating smoothly. Photo: Reuters

China’s economic policy diverging from US while ‘putting own needs first’, central bank says

  • Head of monetary policy says China’s economic focus is primarily on maintaining stability in its own financial markets
  • But diverging policies with the US may result in different interest rates and currency exchange rates that would be likely to cause unintended hot capital flows

Topic |   China economy
The People’s Bank of China (above) has taken notice of recent market discussions over a potential tightening by the US Fed, but banking authorities say China’s financial markets are operating smoothly. Photo: Reuters The People’s Bank of China (above) has taken notice of recent market discussions over a potential tightening by the US Fed, but banking authorities say China’s financial markets are operating smoothly. Photo: Reuters
The People’s Bank of China (above) has taken notice of recent market discussions over a potential tightening by the US Fed, but banking authorities say China’s financial markets are operating smoothly. Photo: Reuters
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