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Reflect on 'China's Responsibility' Theories
UPDATED: August 27, 2010
Beware Extolling China to Danger With World-Level ‘Responsibilities’

Some western countries have been throwing out various "China responsibility" theories after the global financial crisis. These responsibilities form a system that seems to grant China a responsibility to save the world.

"Responsibility of a trade surplus economy," "responsibility of a creditor country," "responsibility for the foreign exchange rate," "responsibility of savings," "responsibility of a major energy consumption country," "responsibility of a major carbon dioxide emissions country," are among the many responsibilities that are being talked about China.

Whatever be the tone, it carries the same unreasonable logic. China is the country they point their finger at once the global economy goes wrong, and yet China is the one country they turn to for shouldering international obligations. It seems that the global economy depends on what attitudes China employs or what policies China follows.

These theories are fabricated on purpose by some western countries.

They have been exaggerating China's strengths and influences in a bid to let China shoulder more "world-level obligations and responsibilities" and also make China increase its "contributions" to tackle the global economic downturn. The objective is to slow down and check China's development.

These exaggerations include: overstating the effects of China's $2 trillion foreign reserves, overstating China's influences on the global economy, especially the claim that China's increasing demand leads to increase in the prices of international commodities, while shying away from the abuse of financial vehicles and speculation in the markets.

Some western countries are also exaggerating China's position as the world's largest greenhouse gas producer and are asking it to shoulder obligatory requirements of emission cuts; at the same time these countries don't want China to enjoy preferential treatments available to developing countries. They believe that China's demand for "common but differentiated responsibilities" is an attempt to shed responsibility.

"China economic responsibility theories" is kind of "puffing it to death" that should be guarded against, and China should not be influenced by outside noises to shoulder responsibilities beyond its capacities and to the peril of its interests, said Huo Jianguo, head of the Chinese Academy of International Trade and Economic Cooperation under the Ministry of Commerce.

China should be responsible for its own people and the country's interests first, as this is its largest obligation to the global economy and peoples across the world.

Only on this foundation, can China shoulder more international responsibilities in proportion to its capacities to promote a more fair global economic order, boost a new growth mode of mutual cooperation and benefits and contribute more to the future of the global economy.

(Xinhua News Agency August 19, 2010)

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