The Chinese yuan’s depreciation against the US dollar noticeably accelerated after the Fed rate rise on December 16, 2015. Photo: Reuters

Why is China so afraid of US Fed’s interest rate increase?

Just look at what happened after the last time the Fed raised rates

Topic |   China economy

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The Chinese yuan’s depreciation against the US dollar noticeably accelerated after the Fed rate rise on December 16, 2015. Photo: Reuters
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