China alarmed by US money printing
• Daily TelegraphThe US Federal Reserve's policy of printing money to buy Treasury debt
threatens to set off a serious decline of the dollar and compel China to
redesign its foreign reserve policy, according to a top member of the
Communist hierarchy. [ouch!]
Rawstory has blog on the same article but adds some additional info links:
http://rawstory.com/08/news/2009/09/07/china-objects-to-dollars-growing-liquidity/