Di­ver­gent global mon­e­tary poli­cies risky, of­fi­cial says

China Daily (Canada) - - BUSINESS -

A “di­ver­gence” in mon­e­tary poli­cies among de­vel­oped economies, in­clud­ing the United States, Europe and Ja­pan, “will cre­ate new risks and uncer­tain­ties for the global econ­omy”, ac­cord­ing to Vice-Fi­nanceMin­is­ter Zhu Guangyao. Speak­ing on his way to the Group of 20 lead­ers meet­ing this week­end in Bris­bane, Aus­tralia, Zhu said: “China is con­cerned about the spillover ef­fects. We want to see a sta­ble in­ter­na­tional mon­e­tary en­vi­ron­ment.” The In­ter­na­tion­alMone­tary Fund said in a re­port ahead of the G-20 sum­mit that the global econ­omy is “un­even and brit­tle” and the main threats are geopo­lit­i­cal risks and a pos­si­ble abrupt cor­rec­tion in fi­nan­cial mar­kets.

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