Xi Jinping urges West not to 'slam the brakes' by hiking interest rates too quickly

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Economy, China's Xi Jinping Urges West Not To 'Slam The Brakes' By Hiking İnterest Rates Too Quickly - Cnn

1/18/2022 12:21:00 PM

China is urging central banks in the West not to hike interest rates too fast to fight inflation as it goes in the other direction to battle a sharp economic slowdown

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Xi = 🇨🇳 = 🤮🚽 Lavy02 I agree Boo hoo but deliberately practices apartheid China is moving in a different direction for everything. China stay out of U.S. economics. Or what do you have to offer? Freedom of the press. Closing the concentration camps. How about free and fair elections? The world would be better off without any China trade. That would open opportunity to other countries to make/sell products.

*Prezideñt Xi. ✨🦋✨🦄✨✈️✨🙏✨🗞✨📻✨🚁✨ Thañkz *Xi. ✨🙏✨ Гонконг 18.01 2022 г. (Лаура Хе , CNN Business) Председатель КНР Си Цзиньпин призвал ведущие мировые экономики стимулировать рост путем координации своей политики. Китай призывает центральные банки на Западе не повышать процентные ставки слишком быстро, чтобы бороться с инфляцией

How can the GOP keep their daughters from minorities lol . This is the only country in the world that enjoys having people below the poverty line. They don't care about the economy

China’s Xi calls for world cooperation on COVID despite secrecy over originsPredsident Xi’s kumbaya moment comes amid China’s refusal to work with investigators from the World Health Organization into whether the coronavirus originated in the Wuhan Institute of… Please help me fix this thing I did and blamed on the rest of you 😂😂😂The world should be irate with China over Covid origins [if it wasn't intentional or caused by them, why the secrecy?] and do everything to help every country get passed this horrible virus. China should cooperate with the world.

I thought their economy ended up growing over 7% last year. He is quick to tell the west to go to hell but when he needs something then he is quick to plead. Thailand terminate collaboration with China to build railway track due China demands to use their materials and workers and the rights to develop lands along the track..

Time for the west to raise interest rates. Ignore China 🇨🇳, deflecting attention about virus, always what’s in it for ME How to earn Unlimited Cash Earn money No App needed Click the below link and make money. Your are boss That is what China explicitly urged but the untold message is; if the Western nations not agreed, China will release the Covid-19 version 2 As long as dummies like Joe Biden (also proxy), Boris Johnson, Emmanuel Macron, Justin Trudeau etc. exists, nothing can stop China

Well the message is great but China don’t offer free counseling Sounds like this will be used domestically to prepare the population to blame the nasty foreign banks for China’s economic woes.

China's Xi rejects 'Cold War mentality,' pushes cooperation | AP NewsGENEVA (AP) — Chinese President Xi Jinping called Monday for greater world cooperation against COVID-19 and pledged to send an additional 1 billion doses of vaccine to other countries , while urging other powers to discard a 'Cold-War mentality” at a time of rising geopolitical tensions — a veiled swipe at the United States. This Pandemic just may all come out to be 'Germ Warfare' band in 1925 by the Geneva protocol. But 96 years later Nations on this planet still conducts bio-warfare research. Then country's that created it will ask for 'World cooperation against it' to fix the mess its mathematical Sure, stop stealing technology and stop killing Uyghurs then we'll listen This reminds me of how trump is now running around taking credit for the vaccine after not sending any assistance to “blue states” then randomly allowing 400k people to die.. then suggesting injecting bleach before getting kicked outta office for idiocy..

Well it says right here to do opposite to whatever He says, so there you go. I have no doubt Xi truly cares about wellbeing of West, it sounds wise to do exactly opposite of what he is saying China wants the western economy to collapse and its obvious So the west should start taking order from Xi? they are in deep financial strife, of course they would ask that, They didnt think their cunning plan through when they released the koof to try and destroy their competitors !!!

You spelled Biden’s boss wrong

China's Xi Says Countries Must Abandon ‘Cold War Mentality,' Warns Against ConfrontationHis comments come at a time of simmering tensions between China and the U.S. over Taiwan and as fears escalate over a possible Russian incursion into Ukraine. Im sure Taiwan is relieved…. Says the one that loves to confront. You are welcome for us defending you against Japan.

Jimmy Kimmel Jokes About Feud Between Kanye West And Pete DavidsonTonight on Jimmy Kimmel Live! He discusses Ye (the artist formerly known as Kanye West) new song that mentions Pete Davidson. “Ye–sounds like a cheer.” Kimmel makes it known that he thinks t… Fuqq kanye, he's a pompous ASS ! Really it isn't funny. Kanye can snap. He can use mental issues. Why would Peter get in-between the Kim and Kanye feud ? The man asked his wife to run back to him. Pete should run 😂 jimmykimmel culero

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Hong Kong (CNN Business)China is urging central banks in the West not to hike interest rates too fast to fight inflation as it goes in the other direction to battle a sharp economic slowdown. Chinese President Xi Jinping on Monday called on major world economies to spur growth by coordinating their policies as the world continues to pull itself out of the turmoil caused by the coronavirus pandemic. The Fed hints at multiple rate hikes in 2022 to combat inflation"The global industrial chains and supply chains have been disrupted. Commodity prices continue to rise. Energy supply remains tight. These risks compound one another and heighten the uncertainty about economic recovery," Xi told attendees of the 2022 World Economic Forum during a speech delivered online.He warned against the effects of raising interest rates too much too quickly, saying that such measures could threaten global financial stability."If major economies slam on the brakes or take a U-turn in their monetary policies, there would be serious negative spillovers," Xi said."They would present challenges to global economic and financial stability, and developing countries would bear the brunt of it."Read MoreMany global policymakers are grappling with rising inflationary pressure, and starting to end their pandemic-era stimulus plans.The Federal Reserve signaled last month it could raise interest rates three times in 2022, while the European Central Bank announced it would end its crisis-era bond-buying program in March. The Bank of England increased interest rates last month, becoming the first major bank to do so since the pandemic began. Central banks in Eastern Europe and Latin America have also raised interest rates aggressively to cool inflation. But China — the only major economy to grow in 2020 — is taking a different tack as its economy slows and it grapples with the challenges of maintaining momentum while holding firm to its zero-Covid strategy, a strict policy of locking down areas to prevent outbreaks that has isolated the country from much of the world.China's economy expanded 8.1% in 2021, but growth is slowingThe People's Bank of China has been loosening its purse strings to keep things running smoothly. On Monday, the central bank cut a key interest rate for the first time since April 2020. Last month, it slashed both the reserve requirement ratio — which determines how much cash banks must hold in reserve — and the loan prime rate, a rate at which commercial banks lend to their best customers, and which serves as the benchmark rate for other loans.Beijing's latest measures came as the country reported that its economy expanded 8.1% in 2021. While that number outstripped the government's own targets, growth slowed to half that pace in the final quarter of the year and is expected to struggle even more because of Covid and a deepening real estate crisis.Government economists in China have been warning of a spillover effect caused by the Fed's interest rate hikes.Zhu Baoliang, chief economist at China's State Information Center — a government policy think tank — told the central bank-backed Financial News that the country needs to monitor and potentially prevent any financial crisis caused by the Fed's interest rate hikes."Historically, the Fed's rate hikes have triggered financial and economic crises in other countries for many times," Zhu told the newspaper, adding that an imbalance could cause foreign capital to flee China. Global investments have poured into the Chinese bonds in the past year, as investors chase comparatively juicy returns in the country's markets. The strong influx of capital has contributed to an exceptional performance of the yuan, which was one of the best performing currencies in 2021.Zhu also called attention to the dollar-denominated bond market for Chinese companies, which he pointed out has expanded rapidly. Many firms within China's struggling real estate industry hold dollar-denominated bonds; if they become even more expensive to pay back, that could cause more headaches.And Yang Shuiqing — a researcher from the Chinese Academy of Social Sciences, a top government think tank — also wrote in an article on state-run news portal China.com that the Fed's rate hikes could also slow demand in the United States, thus affecting exports from China, America's largest trading partner.Global experts are very worried about the future, Davos survey findsThe International Monetary Fund, meanwhile, has warned that abruptly tightening monetary policy in the United States or Europe could cause economic turbulence in developing economies."Emerging economies should prepare for potential bouts of economic turbulence" due to faster policy tightening by the Fed, the IMF wrote in a blog last week. The sentiment about economic growth and inflation has shifted in the United States, the IMF wrote, as prices rise at the fastest pace in almost four decades.The economic recovery in emerging countries, meanwhile, hasn't been as robust, it said, adding that those places are confronting"substantially higher public debt.""Faster Fed rate increases in response [to inflation] could rattle financial markets and tighten financial conditions globally," the IMF said, also warning of slowing demand and trade from the United States and its effect on developing economies, which rely on exports to American consumers.Economists from the Fed wrote last June that risk of spillover to emerging markets depends on a few factors, including conditions within those regions and how vulnerable and sensitive they are to higher US rates.