China’s Vice Foreign Minister Cui Tiankai said that the Federal Reserve’s plan to spend $600 billion to inject money into the US economy could threaten the global economy and said that the US owed China an “explanation on their decision on quantitative easing”.
Ã¢â‚¬Å“Many countries are worried about the impact of the policy on their economies,Ã¢â‚¬Â Vice Foreign Minister Cui Tiankai said at a press briefing in Beijing today. Ã¢â‚¬Å“It would be appropriate for someone to step forward and give us an explanation, otherwise international confidence in the recovery and growth of the global economy might be hurt.Ã¢â‚¬Â
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