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World Should Be Wary of US Exporting Econ Crisis: Global Times

CHINA PRESS
MNI (Singapore)

The world needs to be on guard for the U.S. exporting its economic crisis as it is forced to speed up the tapering by uncontrolled inflation, and appearing unable to help boost its economic growth, the state-run Global Times said in a commentary. China’s decision to cut reserve requirement ratios on Monday ahead of the anticipated tapering by the Federal Reserve highlights its ample room for economic stability in rivalry with the U.S., the newspaper said. China’s liquidity release may be a preparation to hedge the potential capital gap and manage the anticipated shock by future U.S. monetary tightening, the Global Times said.

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