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Behind China and Hong Kong’s Different Responses to US Interest Rate Hikes

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Behind China and Hong Kong’s Different Responses to US Interest Rate Hikes
A man wearing a mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, on May 23, 2022. Kin Cheung/AP Photo
Kathleen Li
Updated:
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News analysis
Amid soaring inflation, mainland China and Hong Kong central banks chose to respond in opposing ways to the U.S. Federal Reserve’s aggressive interest rate hikes, with China loosening its monetary policy, and Hong Kong raising interest rates.
Kathleen Li
Kathleen Li
Author
Kathleen Li has contributed to The Epoch Times since 2009 and focuses on China-related topics. She is an engineer, chartered in civil and structural engineering in Australia.
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