Fed’s coronavirus response under fire from China as Beijing seeks to go its own way

Source: China – South China Morning PostAs US Federal Reserve officials gear up for the Jackson Hole symposium, their response to the pandemic is being criticised as risky by counterparts in Beijing who are trying to decouple China’s monetary policy from the United States.The Communist Party’s Politburo has pledged “greater autonomy” of macroeconomic policies, signalling a willingness to add stimulus as China’s recovery loses steam even if the US Federal Reserve starts tapering bond purchases.China’s central bank, though, is far more…Read More

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