With the US Federal Reserve planning more interest rate cuts this year, China’s foreign-exchange regulator is taking steps to more closely track cross-border capital flows. Photo: Shutterstock
China vows to ‘strengthen forex market monitoring’ as capital-outflow risks mount from US Fed moves
- Beijing is looking to shore up market confidence to counter the looming threat of economic turbulence after US Federal Reserve says more interest rate hikes will come
- A cooling of economic activities and consumption in the US – the third-largest destination of Chinese merchandise – would also affect Chinese exports
With the US Federal Reserve planning more interest rate cuts this year, China’s foreign-exchange regulator is taking steps to more closely track cross-border capital flows. Photo: Shutterstock
