US urged to consider effects of policies

Emerging economies criticize inflows of unwanted capital

The governor of China's central bank, Zhou Xiaochuan, urged the United States to take greater responsibility for the global effects of its monetary-easing policies, given the dollar's position as the world's major reserve currency.

Zhou said China understood that the US needed to stimulate its economy by taking certain measures, but the US Federal Reserve, the country's central bank, has "responsibility for the global economy, not only for the US economy".