Dollar printing feeding China inflation: minister

[The Northerner]

BEIJING — Rampant issuance of dollars by the United States is saddling China with "imported inflation", Chinese commerce minister Chen Deming was quoted as saying by state media on Wednesday.

"Given the current situation, companies have thought ahead and prepared for exchange rate fluctuations as well as an increase in labour costs," Chen said, according to the state-run China Business News.

"But because the issuance of dollars is out of control, and international commodities prices are continuing to rise, China is confronted with imported inflation, which has created major uncertainties for businesses," he said.

The comments came ahead of a meeting of the US Federal Reserve next week at which the central bank is expected to announce additional stimulus measures.

Read more: http://www.google.com/hostednews/afp/article/ALeqM5gwS7A4rwhGXaUb1AOOtA04d2XcVA?docId=CNG.18a92e9878f71f90e7b491d0afd4b1a3.501

[Cali_Democrat]

1. Well then maybe they should stop fixing the yuan to the dollar

Idiots.

[dkf]

3. They hold the cards though.

When will we start dancing to their tune?

[HopeHoops]

2. If the GOP gets control again, they'll probably outsource dollar printing TO China.

You know how the GOP loves shipping jobs overseas.