The Impact of Continuous Fed Rate Hikes on the Chinese Economy

DOI

10.2991/978-94-6463-368-9_91How to use a DOI?

Keywords

Federal Reserve interest rate hikes; Chinese economy; monetary policy

Abstract

In the post-pandemic economic recovery period, the Chinese government faces the wide-ranging economic impact of the Federal Reserve’s continuous interest rate hikes, driven by soaring inflation rates in the United States. This study conducts an in-depth analysis of these effects, encompassing direct and indirect factors such as the continuous depreciation of the Chinese RMB exchange rate, sluggish employment markets, and decelerating economic growth. Although the Chinese government has taken several countermeasures, certain aspects of the economic recovery have not been as effective as expected. Based on this, it is recommended that the Chinese government adopt a more flexible monetary policy and actively engage in international economic cooperation, among other things, to adjust its coping strategies to better adapt to the economic development situation under the dual challenges of the post-epidemic situation and the Federal Reserve’s continued interest rate hikes, to ensure that China’s economy achieves sustainable growth and long-term stability.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Shuhui An
PY  - 2024
DA  - 2024/02/14
TI  - The Impact of Continuous Fed Rate Hikes on the Chinese Economy
BT  - Proceedings of the 2023 5th International Conference on Economic Management and Cultural Industry (ICEMCI 2023)
PB  - Atlantis Press
SP  - 765
EP  - 775
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-368-9_91
DO  - 10.2991/978-94-6463-368-9_91
ID  - An2024
ER  -