China knocks US plan to pump money into system

Strong words from one of the United State’s largest lenders. The increasing disdain towards the “official” solutions will only intensify as the duration and size of the quantitative easing grows.

The U.S. decision "does not recognize, as a country that issues one of the world's major reserve currencies, its obligation to stabilize capital markets," Zhu said, referring to the global use of the dollar as the currency in which nations store the bulk of their foreign reserves.

Source: finance.yahoo.com