Overnight Hong Kong press: China calls for greater consultation on plans to taper quantitative easing to avoid risks

In the South China Morning Post:

• China has called for greater consultation on the US Federal Reserve’s plans to taper quantitative easing
• Deputy Finance Minister Zhu Guangyao (speaking Tuesday) says the US must consider the ‘spillover’ impact of its monetary policy, “particularly the timing and the rhythm of its exit from the unconventional monetary policy”
• said the timing and pace of the US withdrawal of its quantitative easing policy would mean “extreme uncertainty” for the Chinese economy