Researcher: China worried about US economy, watching whether Fed launches QE3

Townhall.com Staff
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Posted: Jul 14, 2011 9:47 AM
Researcher: China worried about US economy, watching whether Fed launches QE3
BEIJING — China is watching whether the Federal Reserve launches a new stimulus that might hurt China by pushing up commodity prices, a Cabinet researcher said Thursday.

The U.S. economy “has been doing worse than expected” and Beijing needs to “seriously assess” possible risks to its vast holdings of American debt, said Yu Bin, an economist in the Cabinet’s Development Research Center.