1. Will Joe Biden’s US$1.9 trillion ‘American Rescue Plan’ be a boon for China, or could excessive liquidity lead to financial trouble?(Orange Wang and Amanda Lee – January 15, 2021)Latest US coronavirus stimulus package would put even more liquidity into global economy, and much could end up in China, where investment returns are promisingAnalysts say US president-elect’s proposal could further boost Chinese exports, but they also warn of hot money inflows creating dangerous asset bubblesUS…
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Best of 2021: Joe Biden, China-Australia relations dominate most read economy stories of the year
