China's blunt talk for Obama from the Wall Street Journal reports that President Obama's reception in Beijing may not be as tone sharp as he'd like - given China's disagreements over how the US has handled the economic recession. Obama is also likely to get a tepid response to his climate change and nuclear non-proliferation agenda - and has irked the Chinese with his demands for his townhall meeting there.
Obama's Free Trade Credentials Draw China, APEC Scrutiny from Bloomberg
Obama hobbled in fight against global warming from New York Times
Liu Mingkang, chairman of the China Banking Regulatory Commission, said that a weak U.S. dollar and low U.S. interest rates had led to "massive speculation" that was inflating asset bubbles around the world. It has created "unavoidable risks for the recovery of the global economy, especially emerging economies," Mr. Liu said. The situation is "seriously impacting global asset prices and encouraging speculation in stock and property markets."
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