China official frets over U.S. quantitative easing

BEIJING, Nov 8 (BestGrowthStock) – The latest U.S. moves to lift its
economy by injecting an extra $600 billion into its banking
system is a shock to global financial markets and may lead to
excessive flows of capital into emerging markets, Chinese Vice
Finance Minister Zhu Guangyao said on Monday.

Zhu, speaking to reporters ahead of this week’s G20 and APEC
meetings, added that it plans “frank discussions” with the United
States over its latest round of printing money.

The United States must recognise its role and responsibility
in the global economy, Zhu added.
(Reporting by Simon Rabinovitch and Langi Chiang; Writing by Ben
Blanchard; Editing by Ken Wills)

China official frets over U.S. quantitative easing