Advance Search      RSS
中文   |  Français
E-mail Newsletter Mobile News Subscribe Now
   |  Deutsch   |    Español   |   日本語
Home Nation World Business Science/Technology Photo Gallery Arts & Culture Special Health Video
Beware Extolling China to Danger With World-Level ‘Responsibilities’
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
Why Is China Supposed to Be Responsible for the World?
Since the outbreak of the global financial crisis, the Chinese Government has taken a series of measures to cope with the impact of the crisis and boost economic growth, which has lead to remarkable achievements. At the same time, some developed countries are disseminating what they say are "China's responsibilities," blaming China for the financial crisis and weak economic recovery. They claim China should take responsibility for "correcting global imbalances" and saving the world economy. In an exclusive interview with People's Daily, Huo Jianguo, President of the International Economic and Trade Research Institute of the Ministry of Commerce, said Western countries have a biased view of China
· China Not Full-Fledged Creditor
China's status as the world's biggest creditor nation has yet to be fully established, and it should not undertake any responsibilities in that capacity
· Is China Really the World’s Top Energy Consumer?
Apart from frequently criticizing China’s growing energy demands and carbon emissions, some countries and international organizations have even attributed surging global oil prices to China’s imports, putting forward the theory of “China’s energy consuming responsibility”
· Economist: Yuan Is Not Undervalued
All the accusations that the renminbi’s exchange rate has been manipulated to stay at a low level and keeps going down are totally groundless and untrue
· Expert: The 'Emissions Power' Is a Myth
Despite China's total carbon emission, which shows China is a major CO2 emitter, its per-capita emissions in 2007 were only 4.6 tons, less than 25 percent of the United States and only half of the EU
· High Savings Rate Not Wrong
The world powers want China to shoulder more international responsibilities because of the country's long-term high savings rate. What accounts for the high savings ratio in China? Is it in accordance with the law of development? And is it fair to blame China for the financial crisis in the United States and some European countries?
· Official: China's Trade Surplus Unintentional
China's economic trend and growth both have fueled its trade, making it one of the world's biggest exporters. Made-in-China products have not only helped the domestic economy to grow, but also benefited the importing countries because of their low prices. Despite all this, China is not pursuing trade surplus, because excessive trade surplus will do no good to the long-term development of its economy
· Stop Yuan Blame Game
Though Bank of International Settlements' effective exchange rate index in June showed the yuan was 118.8, down 0.98 percent from May, it was the result of the rise of the euro, yen and the pound. This shows the two-directional trend of the yuan's exchange rate, which has kept pace with changes in the global market
West in Self-Denial Mode
The strategic point of the "China economic responsibility" theory lies in some Western countries' attempt to distract world attention from facts and burden Beijing with more responsibilities that it should not and could not shoulder. In other words, some Western countries are too eager to shirk their responsibilities and pass on their burden to China
About BEIJINGREVIEW | About | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved