Thinking About China
Opinion

US Interest Rate Hike Slashes China Growth Outlook

US Interest Rate Hike Slashes China Growth Outlook
An empty thoroughfare in the Lujiazui Financial District in Shanghai, China, on March 23, 2022. Qilai Shen/Bloomberg via Getty Images
Antonio Graceffo
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Commentary

The U.S. interest rate hike will help curb inflation in the United States while drawing investment away from China. This will, in turn, drive down the yuan and increase the cost of foreign debt payments for the Chinese Communist Party (CCP) and Chinese corporations.

Antonio Graceffo
Antonio Graceffo
Author
Antonio Graceffo, Ph.D., is a China economy analyst who has spent more than 20 years in Asia. Graceffo is a graduate of the Shanghai University of Sport, holds an MBA from Shanghai Jiaotong University, and studied national security at American Military University.
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