Increasingly divergent monetary policies between China and the United States have been a key concern of Chinese regulators. Photo: Bloomberg
China yuan: top financial regulators raise alarm over global inflation, tightening Western monetary policy
- High global inflation has been highlighted as a significant challenge for China by central bank governor Yi Gang and top banking regulator Guo Shuqing
- Sentiment towards yuan-denominated assets is weakening amid concern about zero-Covid and possible intervention in the foreign exchange market
Increasingly divergent monetary policies between China and the United States have been a key concern of Chinese regulators. Photo: Bloomberg
