Business
‘There will be problems’: China fears the blowback from global financial bubbles – Sydney Morning Herald
Global markets are awash with liquidity, making China’s authorities nervous about the risks for their own financial system and economy.
While it might appear unusual, even odd, that a senior Chinese regulator would be commenting on the monetary policies and markets in the US and Europe, theres an explanation that lies closer to his home.
China is clearly concerned that, having opened some of its markets to foreign capital, the ultra-loose conditions elsewhere which will be exacerbated if the Biden administration is able to add its latest $US1.9 trillion ($2.4 trillion) stimulus package to the $US4 trillion US pandemic response last…
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