China: The Federal Reserve has raised interest rates for several rounds, forcing a large number of developing countries to swallow the bitter fruit such as economic recession


2022-09-23: [Chinese Article Link]  On September 22, the spokesman for the Chinese Ministry of Foreign Affairs, Zhao Lijian, hosted a regular press conference on China's new network Beijing (journalist ). A journalist asked: In recent days, the President of the World Bank, Malpas, said that, in the context of the current slowdown in the world economy, China “was not too eager to really stimulate the economy this time” “doing too little”, and how did China comment on this? Xue Wei, spokesman for the Ministry of Foreign Affairs, Zhao Lijian. Zhao Lijian: As the world's largest emerging economy, the Chinese economy is an important engine and stabilizer of world economic growth. China’s economic brief issued by the World Bank in June was a positive assessment of China’s strong fiscal and monetary policy. During this year’s GATS, World Bank officials also said that China’s recent policy initiatives to expand openness would give impetus to global economic recovery in the wake of the epidemic. In contrast to the United States, in order to address its own high inflation dilemma, the Federal Reserve experienced a large increase in interest rates and a rapid appreciation of the United States dollar, which led to a depreciation of at least one tenth of the world’s 36 currencies, forcing a large number of developing countries to swallow and depreciate their currencies, capital flight, rising financing and debt-servicing costs, and economic downturns resulting from input-based inflation. The United States Wall Street Journal has also pointed out in recent days that the appreciation of the dollar has caused trouble in the global economy, and that the United States should adopt responsible economic and financial policies and play a constructive role in maintaining international financial stability and promoting world economic recovery. The World Bank should do more in this regard.


Note: This is a machine translated version of the Chinese news media article. A mature and nuanced reading is suggested.




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China: The Federal Reserve has raised interest rates for several rounds, forcing a large number of developing countries to swallow the bitter fruit such as economic recession


2022-09-23: [Article Link]  On September 22, the spokesman for the Chinese Ministry of Foreign Affairs, Zhao Lijian, hosted a regular press conference on China's new network Beijing (journalist ). A journalist asked: In recent days, the President of the World Bank, Malpas, said that, in the context of the current slowdown in the world economy, China “was not too eager to really stimulate the economy this time” “doing too little”, and how did China comment on this? Xue Wei, spokesman for the Ministry of Foreign Affairs, Zhao Lijian. Zhao Lijian: As the world's largest emerging economy, the Chinese economy is an important engine and stabilizer of world economic growth. China’s economic brief issued by the World Bank in June was a positive assessment of China’s strong fiscal and monetary policy. During this year’s GATS, World Bank officials also said that China’s recent policy initiatives to expand openness would give impetus to global economic recovery in the wake of the epidemic. In contrast to the United States, in order to address its own high inflation dilemma, the Federal Reserve experienced a large increase in interest rates and a rapid appreciation of the United States dollar, which led to a depreciation of at least one tenth of the world’s 36 currencies, forcing a large number of developing countries to swallow and depreciate their currencies, capital flight, rising financing and debt-servicing costs, and economic downturns resulting from input-based inflation. The United States Wall Street Journal has also pointed out in recent days that the appreciation of the dollar has caused trouble in the global economy, and that the United States should adopt responsible economic and financial policies and play a constructive role in maintaining international financial stability and promoting world economic recovery. The World Bank should do more in this regard.

Note: This is a translated version of the Chinese news media article. A mature and nuanced reading is suggested.

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