Will Joe Biden’s US$1.9 trillion ‘American Rescue Plan’ be a boon for China, or could excessive liquidity lead to financial trouble?
January 15, 2021
US President-elect Joe Biden’s newly outlined US$1.9 trillion stimulus package looks to have global implications – prompting China’s central bank to call attention to growing external risks to its economy and that of the world at large.If Biden’s plan is successful in spurring American growth, analysts say it could eventually increase already strong US demand for Chinese products. But the People’s Bank of China (PBOC) is taking a more cautious outlook.Responding to questions about the potential…
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