BizBeat Ep. 388: Fed rate hikes will not derail China’s development
The U.S. Federal Reserve raised interest rate by 50 basis points on Wednesday to tame runaway inflation. Meanwhile, China's huge economy and steady growth has brought confidence to global investors. In this episode of BizBeat, CGTN's Zheng Junfeng argues that China can accommodate the impact of this round of Fed’s rate hikes. In fact, the U.S. needs to worry about its own stagnation risks.