Made in America May Be Stamped on China Stimulus
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Beijing is closely watching the Federal Reserve's moves as they may hold the key to a successful recovery in China's economy. China's efforts to boost its economy have been met with disappointment, with initiatives being cautious and vague. The country has limited room to maneuver without a decisive shift by the Fed, as officials fear weakness in their currency. The People's Bank of China can make small cuts in borrowing costs, but the effect is likely to be muted. Punitive measures, such as tightening trading restrictions, will only sap confidence.

#China #Economy #Stimulus #FederalReserve #InterestRates

https://www.bloomberg.com/opinion/articles/2024-02-06/fed-rate-cut-decision-may-impact-china-economic-stimulus