Zhu Guangyao has warmed up to the impending hike in U.S. interest rates, saying it is good for China and for global economies.
The Chinese vice finance minister, Zhu Guangyao, has welcomed the U.S. Federal Reserve’s decision to hike interest rates this summer saying it will have a big impact on China as well as on global economies.
He went on to add that the United States and China should open up their respective markets to one another and thereby increase cooperation and policy coordination.
Zhu made these remarks at a briefing ahead of the annual U.S.-China Strategic and Economic Dialogue scheduled to be held from June 6 to June 7 at Beijing.
Categories: Economy & Finance, Geopolitics, Strategy
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