![]() |
Large Medium Small |
BEIJING - China said Monday that it was concerned with and has questions about the US new monetary policy, and will discuss it with the US at the upcoming G20 summit in Seoul.
Vice-Minister of Finance Zhu Guangyao made the remarks at a press briefing on President Hu Jintao's attendance to the meeting, responding questions concerning the the US Federal Reserve's (Fed) second round of quantitative easing, QE2.
The Fed plans to purchase $600 billion worth of government bonds in a bid to revive the sluggish US economy.
"We will have candid discussions with the US side. We hope its macroeconomic policy can be conducive to the development of the world economy, not the contrary," Zhu said.
This is the second round of such stimulus measures, after the US Federal Reserve (Fed) purchased $1.7 trillion worth of mortgage-backed securities and treasury notes between December 2008 and March 2010 in a bid to keep the economy from plunging into another Great Depression.
"The current situation is totally different from the time of the first round. There's no shortage of funds in the financial market," Zhu said.