China alarmed by US money printing

[Ame®icano]

"If they keep printing money to buy bonds it will lead to inflation, and after a year or two the dollar will fall hard. Most of our foreign reserves are in US bonds and this is very difficult to change, so we will diversify incremental reserves into euros, yen, and other currencies," Cheng said.

"He who goes borrowing, goes sorrowing," said Mr Cheng.

It was a quote from US founding father Benjamin Franklin.

Whole article - Telegraph

 

[Mr. H.]

China has plenty of it's own money issues.

How China's Currency Policy Affects You