China is not too pleased with America's plan to inject more capital into its economy in the form of a second round of quantitative easing.

The U.S. did not recognize its responsibility to stabilize markets and did not think about the impact of excessive liquidity on emerging markets, Zhu Guangyao, China's vice finance minister, said in a briefing on Monday.

A number of emerging economies are protesting against the U.S. Federal Reserve's decision to inject an additional $600 billion in the U.S. economy to stimulate further growth.

Since the U.S. dollar is the world's leading reserve currency, or anchor currency, the United States' over-relaxed monetary policy will have a serious negative impact on the global economic and financial order, an article in China's People's Daily, considered a mouthpiece for the Chinese government, said on Monday.

The U.S. dollar has been falling against the Chinese Yuan, leading U.S. to pressurize China's policy makers to let the currency appreciate.

China's Yuan hit a two-week high against the U.S. dollar of Friday afternoon, after China's central bank guided its currency lower. The announcement of the QE2 confirmed fears of more greenbacks floating in the market, resulting in the U.S. dollar staying suppressed for longer.

However, China and U.S. attempted to calm tensions at the Asia Pacific finance ministers meeting in Japan, ahead of the G20 Summit.

U.S. Treasury Secretary Timothy Geithner withdrew his demand for G20 countries to reduce their economic imbalances to less than 4 percent of their output - a demand that was earlier seen as mainly targeting China's huge trade surplus.

Wang Jun, a vice Finance Minister of China, had said at the APEC meeting that he supported the Fed's second easing, stating that it would help boost economic growth in the U.S. which is crucial to global recovery.