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Fed policy draws Chinese criticism as PBOC goes its own way


Bloomberg/Tom Hancock/8-24-2021

photgraph of rolled dollar and yuan on a newspaper background

“The Communist party’s politburo has pledged ‘greater autonomy’ of macroeconomic policies, signaling a willingness to add stimulus as China’s recovery loses steam even if the Fed starts tapering bond purchases.”

USAGOLD note: China is worried, according to this article, about inflation in the United States, Fed tightening and resultant “shocks to the world and Chinese economy.” In reading this article, we were reminded of the old proverb about people in glass houses throwing stones.

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