Interesting, and what do you suggest Chinese comrades? Me too for a strong dollar, but my arms are short to influence the situation
Today 09:25am EST / 02:25pm GMT
(CH) China’s top bank regulator: the weak U.S. dollar and Fed pledge to keep interest rates low are a threat to economic recovery – Liu Mingkang, chairman of the China Banking Regulatory Commission…..
China’s chief banking regulator said Sunday that persistently low US interest rates and a declining U.S. dollar are leading to new global economic risks.
The U.S. government’s promise to keep interest rates low for an extended period is encouraging a U.S. dollar carry trade and leading to massive speculation, Liu Mingkang, Chairman of the China Banking Regulatory Commission, said at a financial forum.
Such conditions “are seriously impacting global asset prices and encouraging speculation in stock and property markets,” he said.
The declining US dollar poses risks to the global economic recovery, especially for emerging economies, he said.
