• Role of developing nations in creating global demand shouldn’t be exaggarated
  • “Not realistic” to expect developing nations alone to boost world demand, economy
  • Fed’s easing has raised “strong concerns2 among many countries
  • G20 an important platform to express concerns over Fed easing
  • Rising capital inflows may push up emerging markets’ asset prices, fx reserves
  • Disorderly capital inflows to hurt emerging markets, pose risks to global recovery
  • To use all available monetary tools in macroeconomic management
  • China has no intention to confront US over fx rate or trade
  • Exchange rate issue should not be politicised
  • US shouldn’t force others to take medicine for its own disease
  • China has been communicating with Fed over key policies
  • “Not realistic” to have current account target that fits all