The US Federal Reserve is fuelling “speculative investments” and endangering global recovery through loose monetary policy, a senior Chinese official warned just hours before President Barack Obama arrived in China for his first visit.
Liu Mingkang, China's chief banking regulator, said the combination of a weak dollar and low interest rates had encouraged a “huge carry trade” that was having a “massive impact on global asset prices”.
The comments came as China and the US sparred at the Asia Pacific Economic Co-operation summit over exchange rate policies amid rising inter- national criticism that China's currency is undervalued.
您已閱讀38%（635字），剩餘62%（1043字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。