China Says US Monetary Policy Puts Global Economy at Risk

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”.

“Many countries are worried about the impact of the policy on their economies,” Vice Foreign Minister Cui Tiankai said at a press briefing in Beijing today. “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.”

Source: Bloomberg

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