http://mynews.mychinab2b.com/Finance/qe2-may-have-catastrophic-consequences-for-global-economy/ The US Federal Reserve's recent move to issue $600 billion for restoring a foundering US economy may have catastrophic consequences for the global economy, according to Cheng Siwei, economist and former vice-chairman of the Standing Committee of the National People's Congress. Cheng made the remarks at "A World Summit: The Ascent of China's Capital Markets" in Beijing on Wednesday. ... Sat, 13 Nov 2010 00:19:55 MST en