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3Novices:China shrugging off Fed action as yuan depreciation pressure eases

China’s monetary authority has shrugged off the US Federal Reserve’s fourth interest rate increase in two and a half years this week, as the Chinese macroeconomic reality demands a different tool kit and a radically different approach to its previous policies, economists said.
The Fed’s two interest rate increases in December 2015 and December 2016 led to massive outflows of funds from China’s shores and a 7 per cent depreciation in the renminbi, that was only stabilised…
June 15, 2017 at 11:29AM http://ift.tt/2srkIij
#3Novices #News #OnlineMedia #China 3Novices China

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