Emerging economies should strengthen cooperation
Developed economies adjust their policies without thinking how much pressure that puts on emerging economies, said an article in People's Daily (excerpts below).
The United States shows signs of ending its quantitative easing. How international capitals will respond is a major talking point. Money may be withdrawn from emerging economies.
To cushion the negative impact of the US adjustment, developing countries should strengthen cooperation to promote international financial reform.
The US should also implement responsible macroeconomic policies for the world, avoid spillover effects of its selfish policies, discard its trade protectionism and uphold free trade.
When the investment from developed countries dwindles, emerging economies should strengthen their economic, trade and financial cooperation to play up their advantages.
