China's Blunt Talk For Obama -- Wall Street Journal
Regulator Says U.S. Policy Puts Global Recovery at Risk as President Arrives in Beijing.
BEIJING -- China's top banking regulator issued a sharp critique of U.S. financial management only hours before President Barack Obama commenced his first visit to the Asian giant, highlighting economic and trade tensions that threaten to overshadow the trip.
Liu Mingkang, chairman of the China Banking Regulatory Commission, said that a weak U.S. dollar and low U.S. interest rates had led to "massive speculation" that was inflating asset bubbles around the world. It has created "unavoidable risks for the recovery of the global economy, especially emerging economies," Mr. Liu said. The situation is "seriously impacting global asset prices and encouraging speculation in stock and property markets."
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More News On President Obama's Trip To China
China-U.S. discord on currencies clouds Obama visit -- Reuters
Currency rift with China casts shadow on Obama's trade hopes -- Globe And Mail
Dollar under pressure as Obama tours China -- Reuters
China’s Role as Lender Alters Obama’s Visit -- New York Times
President Obama will urge China to join US in ‘world leadership’ -- Times Online
Chinese students, netizens and shops welcome Obama to Shanghai -- L.A. Times