* China commerce minister says dollar printing hurting China
* Says exporters are prepared for exchange rate changes
* Says export growth next year to be stable, imports to soar
BEIJING, Oct 26 Dollar issuance by the United
States is "out of control", leading to an inflation assault on
China, the Chinese commerce minister said in comments reported
Chen Deming, speaking at a trade fair in southern China,
said that exporters had done a good job of preparing themselves
for exchange rate changes as well as rising labour costs, but
were suddenly confronted with new challenges.
"Because the United States' issuance of dollars is out of
control and international commodity prices are continuing to
rise, China is being attacked by imported inflation. The
uncertainties of this are causing firms big problems," Chen was
quoted as saying by the official Xinhua news agency.
Chinese officials have criticised U.S. monetary policy as
being too loose before, but rarely in such explicit language.
At the G20 meeting in South Korea which ended on Saturday,
Chinese Finance Minister Xie Xuren said that issuers of major
reserve currencies -- code for the United States -- must follow
responsible economic policies.
Along with posing an inflationary risk, a weak dollar also
places appreciation pressure on China's yuan since its value is
so closely tied to the U.S. currency.
China's consumer price inflation rose to 3.6 percent in the
year to September, a 23-month high. It has been led mainly by
food costs and many economists expect it to crest before the end
of the year.
Despite his concern about the impact of U.S. monetary
policy, Chen gave a positive outlook for Chinese trade next
year. He said export growth would be stable, while imports would
(Reporting by Simon Rabinovitch; editing by Stephen Nisbet)