QE2 discontentment grows: China increases pressure on U.S.

China has increased pressure on Washington because of the latest Federal Reserve measures to boost the U.S. economy. Vice Minister of Finance saying that speculative flows that result are a shock to global markets.

"As a major emitter of global currency, for the United States to launch a second round of 'quantitative easing' we feel they have not recognized their responsibility to stabilize global markets and they have not thought about the impact of excessive liquidity in emerging markets" said Vice Minister of Finance Chinese, Zhu Guangyao, on Monday.

Zhu said that China intends to have "frank discussions" with the U.S. on its plans to print money.