‘Foreign investors don’t need to worry too much’, ex-PBOC adviser says

US policies and the evolution of the coronavirus pandemic will be instrumental in dictating how the Chinese and global economies will fare next year, a prominent Chinese government adviser said on Friday.However, stagflation or a taper tantrum – instability in capital markets due to an easing of US stimulus measures – is unlikely, added Yu Yongding, a senior fellow with the Chinese Academy of Social Sciences and a former adviser to the Chinese central bank, who was speaking at this year’s…

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