China and Germany express concern over US Fed move

[dipsydoodle]

Source: BBC News

Germany and China have expressed concerns over US plans to pump $600bn (£373bn) into the US economy.

German Finance Minister Wolfgang Schaeuble said the US would not solve its problems, but create "extra problems for the world" instead.

Some countries fear that the US Federal Reserve's move could hurt their exports by making their currencies stronger.

China's Central Bank head Zhou Xiaochuan urged a reform of the international currency system.

Read more: http://www.bbc.co.uk/news/business-11697483

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The main flaw in the US's action may well be that of other countries reducing their export prices and / or US manufacturer's increasing their prices.

[BootinUp]

1. Applying pressure to China is a good thing

as far as Germany, they should stop whining.

[Vincardog]

2. China and Germany are worried that the $ they hold will be worth shit after the fed gets done hyper

inflating the dollar, So is China going to let its' currency float or not?