A US rate hike could strengthen the value of the US dollar against the yuan. Photo: Reuters
A US rate hike could strengthen the value of the US dollar against the yuan. Photo: Reuters
Currencies

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

Topic |   Currencies
A US rate hike could strengthen the value of the US dollar against the yuan. Photo: Reuters
A US rate hike could strengthen the value of the US dollar against the yuan. Photo: Reuters
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