Researchers at the People’s Bank of China said the nation had coped better than Brazil, Russia and Indonesia with US Federal Reserve rate rises. Photo: Bloomberg
Researchers at the People’s Bank of China said the nation had coped better than Brazil, Russia and Indonesia with US Federal Reserve rate rises. Photo: Bloomberg

China central bank paper claims Beijing can make ‘impossible trinity’ possible

The nation has found a way to balance the competing goals of a stable yuan, a free market and central bank independence, researchers say

Researchers at the People’s Bank of China said the nation had coped better than Brazil, Russia and Indonesia with US Federal Reserve rate rises. Photo: Bloomberg
Researchers at the People’s Bank of China said the nation had coped better than Brazil, Russia and Indonesia with US Federal Reserve rate rises. Photo: Bloomberg
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