Xi Jinping urges West not to 'slam the brakes' by hiking interest rates too quickly

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Xi Jinping urges West not to 'slam the brakes' by hiking interest rates too quickly
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China is urging central banks in the West not to hike interest rates too fast to fight inflation as it goes in the other direction to battle a sharp economic slowdown

Hong Kong .

Chinese President Xi Jinping on Monday called on major world economies to spur growth by coordinating their policies as the world continues to pull itself out of the turmoil caused by the coronavirus pandemic. The Fed hints at multiple rate hikes in 2022 to combat inflation"The global industrial chains and supply chains have been disrupted. Commodity prices continue to rise. Energy supply remains tight.

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