China has less time to defuse its debt bomb and address domestic financial risks after the US Federal Reserve, pictured here, set out a timetable to steadily increase interest rates and sell off bonds to shrink its balance sheet. Photo: AFP

Does Fed’s latest move add urgency to Beijing’s financial rescue mission?

Higher interest rates and returns in US could lead to a flow of cash out of China as investors seek alternative haven for their money, according to observers

Topic |   China economy

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China has less time to defuse its debt bomb and address domestic financial risks after the US Federal Reserve, pictured here, set out a timetable to steadily increase interest rates and sell off bonds to shrink its balance sheet. Photo: AFP
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