Chin’a early stage financial crisis is in the spotlight again today, via the FT:
“I think the Trump factor [will result in] more aggressive hiking of US interest rates, not just the one expected in December but also several times next year,” said Shen Jianguang, chief economist at Mizuho Securities in Hong Kong, speaking ahead of the Federal Reserve meeting which is widely expected to raise rates next week.
“A stronger US dollar will complicate the Chinese government’s efforts to stabilise the renminbi exchange rate and Beijing may have to tighten monetary policy,” he added.