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Guan Tao talks about QE affected Chinese economy


01-23-2015 02:37 BJT

The ECB's QE is just around the corner -- what will it mean for the Chinese economy?

"The Eurozone's QE have mixed effects over China's economy. From the positive side, ECB's QE will offset the monetary tightening caused by the Federal Reserve's exit from QE. But divergences in monetary policy will influence exchange rates between major currencies. This will bring turbulence to international financial markets especially that of forex, and make it difficult to manage capital movementS in emerging economies and exchange rate expectations," said Guan Tao, the head of Int'l PMTS.

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