Well, you know things are bad when a communist nation lectures a “capitalist” country on monetary policy. But China is getting antsy about the U.S. dollar. So much so that they are getting more and more vocal about their angst. From the Wall Street Journal;

In remarks that come just days before U.S. President Barack Obama is set to visit China for the first time, Qin Gang, spokesman for the Ministry of Foreign Affairs, restated Beijing’s official line on China’s exchange-rate policy, saying the government will continue to reform its exchange-rate regime by boosting exchange rate flexibility while still keeping the yuan exchange rate basically stable.

But Qin also repeated China’s concerns about the U.S., calling on the U.S. government to maintain the medium- and long-term sustainability of its fiscal policy.

“This will be conducive to the stability of the U.S. dollar exchange rate and it will be conducive to China and the whole world,” Qin said.

In other words, “get your shit together and do something about your dollar.”

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To read the entire Wall Street Journal story, click here.