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Briefs: China's economy shows signs of improvement as Covid eases; Powell says US economy in strong shape

The Edge Singapore
The Edge Singapore7/1/2022 08:17 AM GMT+08  • 8 min read
Briefs: China's economy shows signs of improvement as Covid eases; Powell says US economy in strong shape
Jim Chanos. Photo: Bloomberg
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Quoteworthy: "The bigger mistake to make — let’s put it that way — would be to fail to restore price stability" — US Fed chairman Jerome Powell, on prioritising fighting inflation over concerns of pushing the US economy into a recession because of rate hikes.

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