Skip to content
Subscriber Only

China’s PBOC Leads the Fed in Weaning Economy Off Stimulus

The People's Bank of China As China's Suppressed Market Rates Leave Room for Policy Tightening
Photographer: Qilai Shen/Bloomberg
Updated on

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

China’s central bank is a step ahead of its U.S. counterpart in reining in its Covid-19 emergency stimulus, relieving potential market pressure from the Federal Reserve’s looming shift in policy.