简介:SincetheFederalReserve'sfirstratehikein2015,theFed'smonthlybenchmarkinterestratehasrisentwicefrom0.12percentinOctober2015to0.66percentinFebruary2017,andfromtheFed'smonetarypolicydynamics,Interestrateswillcontinuetorise,sotheUSinterestratecyclehascome.DespiteofChinesemorestringentcapitalcontrols,theUnitedStates,astheissuingcountry,whosemonetarypolicyisboundtocauseChinatobeundiscoveredimpact.WhereshouldtheshockcomefromandhowshouldChinarespondto?Wemustfacethesequestions.Therefore,thispaperisaimedtoputforwardtheresponseplanthroughmacroeconomicanalysis.
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