The American Empire in a Changing World


Tuesday, November 27, 2012

''China dismisses Brazil currency proposal at WTO, criticizes QE''

From Reuters

''China blamed quantitative easing for damaging emerging economies and rejected Brazil's proposal of using world trade rules to compensate for currency misalignments, during a debate at the WTO on Monday.

"We, together with many other countries, have been critics of this irresponsible and beggar-thy-neighbour policy," China's deputy permanent representative to the World Trade Organization, Zhu Hong, said, referring to the monetary stimulus policy often shortened to QE.''

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