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China’s 2022 plans come with one eye on US policies, pandemic’s evolution, former central bank adviser says

US policies and the evolution of the coronavirus pandemic will be instrumental in dictating how the Chinese and global economies will fare next year, a prominent Chinese government adviser said on Friday.However, stagflation or a taper tantrum – instability in capital markets due to an easing of US stimulus measures – is unlikely, added Yu Yongding, a senior fellow with the Chinese Academy of Social Sciences and a former adviser to the Chinese central bank, who was speaking at this year’s…

Read the original article at South China Morning Post

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