Related News
Fed stimulus cut bodes well for Chinese exporters
Online Edition
US Federal Reserve’s long-awaited and long-feared decision to taper its stimulus program may brighten the outlook for China’s exports and have little damage on the country’s cross-border capital flow, economists said today.
Stephen Green, chief China economist with Standard Chartered Bank, said China still enjoys a big trade surplus and the interest rate differential is in favor of the yuan, so foreign exchange inflows should continue while the yuan strengthens.
Zhu Haibin, chief China economist with J.P. Morgan, said the Fed’s move was made to improve the US economy, which is positive for Chinese exporters.
The pull-back on stimulus will also add to the flexibility of China’s central bank in setting its monetary policies and easing pressure from hot money, or speculative foreign capital inflow, the economists said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
