Policymakers traded barbs about whose actions harmed the world economy most. Rich countries, especially America, focused on China's unwillingness to allow the yuan to rise (see article). Tim Geithner, the treasury secretary, set the tone with a tough admonition just before the gathering began. China's unwillingness to allow the yuan to rise, he said, created a “dangerous dynamic” of “competitive non-appreciation” in emerging economies. Excess accumulation of reserves, he added later, was leading to “serious distortions” in the world economy.
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This week, Brazil's central bank governor said that Washington's expected monetary stimulus "creates serious distortions."
本周，巴西央行行长称美国即将执行的货币刺激计划“将造成严重的不利影响”。
As China's stock market has its unique system background, compared to mature markets in developed countries, China's stock market appears serious market distortions.
由于我国的证券市场有着其特殊的制度背景，与发达国家成熟市场相比，我国股市出现了严重的市场扭曲。
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