Reuters/Kevin LamarqueWhen senior officials from Washington and Beijing meet next month to discuss a series of thorny issues, China might also try to seek clearer clues on the US Federal Reserve’s next move, analysts said. The prospects of a rate increase in June have risen in recent days, and talk of higher borrowing costs in the US has driven down the yuan. China’s central bank governor Zhou Xiaochuan and Fed chairwoman Janet Yellen are expected at the Beijing meeting, which will come a week ahead of the Fed’s decision on interest rates. A rate rise – or just the anticipation of such a move – could undermine China’s fragile economic recovery, undo its yuan exchange-rate stability and revive a worrying trend of capital outflow from the world’s second-largest economy. China was eager to know beforehand whether the Fed was on the move, and was trying to get the message across that a rate rise in July was preferable to one in June, Bloomberg reported, citing unidentified sources.
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Topics: mythbusters reuters/kevin lamarquewhen washington us federal reserve&rsquo zhou xiaochuan janet yellen fed&rsquo bloomberg the people’s bank ldquo;well lsquo;i li liuyang shanghai-based tokyo-mitsubishi ufj china hawkish communication maochun tsinghua university ldquo;despite china-bashing us,&rdquo ldquo;the ding shuang standard chartered hong kong ldquo;if march april alan wheatley british chatham house ldquo;it’s ldquo;but stephen li jen slj macro partners london-based ldquo;it ldquo;while yellen’s pboc watch adam savage jamie hyneman beijing fed china&rsquo yellen china july june bank reuters/kevin lamarque ding ldquo;it clues move yuan rate economy ndash rates economic year capital dollar cent increase quarter market central exchange officials talk currency borrowing risk coordination prospects rise days chinese impact month costs situation raise comments global flight chief fragile recovery world’s international
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