USEUROPEAFRICAASIA 中文双语Français
Home / Business

US 'must consider impact' of winding down QE policy

By Zheng Yangpeng | China Daily | Updated: 2013-08-28 07:58

The United States should consider the spillover effect of its monetary policy, especially the timing and pace of its exit from the ultra-loose monetary policy known as quantitative easing, said a Chinese official ahead of the Group of 20 nations summit scheduled for Sept 5 to 6 in St. Petersburg, Russia.

Minimizing the negative impact on other nations as the US Federal Reserve "tapers off" QE will be high on the agenda at the summit, which will bring together the leaders of developed and developing nations.

"The United States ... must consider the spillover effect of its monetary policy, especially the timing and rhythm of its withdrawal from the ultra-loose monetary policy," Vice-Minister of Finance Zhu Guangyao said at a news conference on Tuesday in Beijing.

US 'must consider impact' of winding down QE policy

Today's Top News

Editor's picks

Most Viewed

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US