Russia and China on Thursday warned that the U.S. Federal Reserve's bond-buying program , and ultimately could have a profound impact on the global economy and urged to be cautious.
Speaking ahead of 20 summit, when the economic problems and Syria to the top of the agenda , the Group began , hosted by Russia and China , the world's second largest economy, to make clear their concerns about the general expectations " tapering , the Fed more, one billion U.S. dollars of monetary stimulus .
Chinese Vice Finance Minister Zhu Guangyao , urged the United States to " pay attention to the spillover effects , and efforts to contribute to the stability of the global financial markets and the steady recovery of the global economy ."
However, talks to reporters ahead of the G20 BRIC emerging markets caucus meeting, Zhu dilute the rescue of any country in the possibility of financial difficulties .
Despite last week issued a public appeal after joint foreign exchange intervention rupee tumbled , the most affected country, India , has not approached the other BRIC countries - including India and South Africa - Russia Summit Coordinator Ksenia Yudayeva said.
"We do not agree with concrete measures ," Yudayeva told a separate briefing , adding that the picture will become clearer when , G20 finance ministers meet again in October .
"State , are faced with the biggest recent capital outflows also quite weak fundamentals ," she said , indicating that the domestic and international factors in play most troubled economies.
Ben Bernanke triggered a sell-off in emerging market currencies , stocks, bonds and the dollar flight , in May when he was winding down the Fed's proposed 85 billion dollar per month bond-buying program possibilities.
This month the Fed is widely expected to take the first step to reduce the extraordinary monetary stimulus , with a potentially huge impact of the global financial system has come to rely on cheap and abundant supply of dollars .
India has also expressed concern that monetary stimulus coming to an end .
Arvind 's Mayaram, India's Ministry of Finance, Economic Affairs Bureau , said: " I ??think we should have a very strong statement , there is a consensus on the G20 spillover concerns.
" I think that if a strong statement on these two points , there will be a calm major emerging economies, market impact ," he told reporters , before the summit .
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