(Opinion) The Shift of Two Big Circulations in Global Finance and Trade
2016-07-12 08:52:47 source:China-US Focus
By Zhang Monan
July 11, 2016
"Whether the Fed will start its interest-rate hike in June has been an uncertain factor harassing the global financial market. However, no matter whether the anticipated hike happens or not, the global cross-border capital structure and flow will change in turning point and direction.
Fundamentally, the total outflow and inflow of cross-border capital follow the basic law of the global financial cyclical change as capital flow, credit increase and leverage ratio all have a global financial cycle. The counter cyclicality in the global capital flow supervision is a big issue facing the decision makers."
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