Uh, Oh… Looks like China is not happy with the Fed either…

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/5286832/China-fears-bond-crisis-as-it-slams-quantitative-easing.html
China fears bond crisis as it slams quantitative easing
China has given its clearest warning to date that emergency monetary stimulus by Western governments risks setting off worldwide inflation and undermining global bond markets.

By Ambrose Evans-Pritchard
Last Updated: 9:45PM BST 06 May 2009

High stakes: China has warned Western governments their monetary policies risk triggering worldwide inflation. The Bank of China Tower, Hong Kong is pictured Photo: Reuters
“A policy mistake made by some major central bank may bring inflation risks to the whole world,” said the People’s Central Bank in its quarterly report.