The tale of two central banks.

The chinese are concerned  with inflation and price increase in their economy and are making heads to try to deal with those issues. The US believe that " deflation" is truly the problem, and they are also aiming to deal with that " issue." the PBOC reported that:

 "Risks of rising inflation cannot be neglected because major economies are expected to shore up their economy by maintaining an easy monetary stance and large amounts of capital flows into emerging economies." 

The Chinese are clearly worried about the US dollar flooding, which is aimed at debasing the US debt burden while enabling the US government to maintain its irresponsible expenditures and welfare policies!