China’s Xi Warns of Impact of Interest-Rate U-Turns

Bloomberg Politics published this video item, entitled “China’s Xi Warns of Impact of Interest-Rate U-Turns” – below is their description.

Chinese President Xi Jinping warned about global inflation pressures and the resulting effects of higher interest rates. “If major economies slam on the brakes or take a U-turn in their monetary policies, there would be serious negative spillovers,” Xi said Monday during a speech at the World Economic Forum via video link. (Translated excerpts.)

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