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Daily insight on the hottest topics in the global economy, central bank policymaking and international trade flows, putting developments in their perspective for a China-oriented audience.

The European Central Bank has indicated it is heading towards a cycle of monetary tightening. Photo: Reuters

Why global tightening may be good news for China

“All the world’s a stage,” wrote English playwright William Shakespeare. As major central banks now appear to wish to issue new-stage instructions, investors may perhaps have to learn a new script.