China Urges U.S. to Limit Global Risks From Fed Policy Shifts
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China urged the U.S. to limit global risks from shifts in monetary policy, while adding that there’s no need for a rescue plan for emerging markets, as Group of 20 leaders met at a summit in St. Petersburg, Russia.
An exit from monetary-easing policies poses a major challenge for the world economy, Vice Finance Minister Zhu Guangyao told reporters in the Russian city today, speaking through a translator. The U.S. should be mindful of spillover effects, said Zhu, who called for greater coordination between nations.