27.11.2012 - China dismisses Brazil currency proposal at WTO,
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...............................................Full Article: Source
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