China’s economic policy under pressure after Fed flags new era
Business & Technology
"This week the U.S. central bank not only raised rates again but also hinted at three more increases next year, adding to pressure on Chinese officials already struggling to contain capital flight," the Financial Times reported. For more on how the yuan’s depreciation may affect other emerging currencies, including South Korea’s won and India’s rupee, see this Bloomberg article titled "After Fed, eyes turn to China for emerging-market currency fate."
