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The minutes indicate that the majority FOMC members now favor tapering asset purchases later this 12 months, whereas some need to wait till subsequent yr. Although China’s dependence on exports has waned in latest years, exports stay an essential source of financial progress. Thus, the disruption of global supply chains and, especially, transport capacity is of appreciable concern to Chinese authorities. In the previous yr, the cost of transport a container from East Asia to the United States has risen … Read More