The president of China’s giant sovereign-wealth fund warned Japan against using its neighbors as a “garbage bin” by deliberately devaluing the yen, joining growing international griping about a potential currency war.
In unusually strong language, Gao Xiqing, president of China Investment Corp., echoed alarms from Latin America to Europe that the new Japanese government is aiming to boost its exports at other countries’ expense via a weaker currency—allegations often leveled at China itself by the U.S. and others.
Mr. Gao’s comments in an interview with The Wall Street Journal, among the strongest remarks yet by a senior Chinese official, signaled growing concern in Beijing about the impact on the Chinese economy of a wave of more-aggressive easing under Japanese Prime Minister Shinzo Abe, which the country says is aimed at ending persistent deflation.
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Lingling Wei, Wall Street Journal via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/Anh86r7HaPE/
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