China View

From the FXWW Chatroom: China – The Chinese government will ask about the Federal Reserve’s intention to raise interest rates at a U.S.-China summit in Beijing next month (June 6th-7th), people with knowledge of the matter says. China is seeking to determine if the Fed will raise rates in June or in July, the people say, declining to identified as the talks are confidential. China hopes that if the Fed increase rates, it would be in July rather than June. The Chinese government has prepared a plan to handle the potential impact of a June Fed increase on markets and the yuan.

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