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Divergent global monetary policies risky, official says

A "divergence" in monetary policies among developed economies, including the United States, Europe and Japan, "will create new risks and uncertainties for the global economy", according to Vice-Finance Minister Zhu Guangyao. Speaking on his way to the Group of 20 leaders meeting this weekend in Brisbane, Australia, Zhu said: "China is concerned about the spillover effects. We want to see a stable international monetary environment." The International Monetary Fund said in a report ahead of the G-20 summit that the global economy is "uneven and brittle" and the main threats are geopolitical risks and a possible abrupt correction in financial markets.

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