China troubled over US monetary stimulus

It is adding to the instability on global financial markets, Deputy Foreign Minister said.

According to OCBC Treasury Outlook, China spelled out concerns on monetary stimulus from the US. China’s deputy Foreign Minister said yesterday “QE3, I think, is adding to the instability on the international financial markets, is adding to the imported inflationary pressure for developing economies, including China, and is adding to the uncertainty in the commodity market and this would in turn affect food security for many countries.”

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