A US rate hike could strengthen the value of the US dollar against the yuan. Photo: Reuters
China urged to ease economic policy, cut exposure to US assets ahead of impending Fed rate hike
- Prominent Chinese economist Yu Yongding says China must ‘prepare in advance’ for a US rate hike or face consequences
- A US rate hike could strengthen the value of the US dollar against the yuan and trigger a fund outflow from China
A US rate hike could strengthen the value of the US dollar against the yuan. Photo: Reuters