China in good shape as stimulus ends in US
By Paul Welitzkin in New York and Zheng Yangpeng in Beijing | China Daily | Updated: 2014-10-31 07:52
The US Federal Reserve ended its long-running bond-buying stimulus program on Wednesday, with analysts saying China's economy has responded well to the expected winding down of the program.
As the "quantitative easing" program drew to an end, the US central bank had been trimming its monthly bond purchases since 2013 from $85 billion in treasury and mortgage bonds to $15 billion.
It implemented the program to hold down long-term interest rates and bolster a slow US recovery from the 2008 financial crisis.
Photo
