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2010.11.0322:34:00UTC+00U.s. Dollar Printing Poses Huge Risk to Global Economy - China C.bank Adviser Xia Bin

News:

  • Chinese c.bank adviser Xia Bin said U.S dollar printing poses huge risk to the global economy
  • Chinese c.bank adviser said that China must set up a firewall to cushion itself from external shocks
  • Xia said that it will take a long time for the global monetary system to improve and that China must be ready to hold the line on its currency policy and capital controls
  • He said China should establish a team in charge of broad economic and financial supervision to better coordinate its policies



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