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Xinhua Blasts Paulson and Bernanke for Holding China Responsible for Economic Crisis

Xinhua publishes a headline editorial at its website rebutting the comments of U.S. Secretary of Commerce Henry Paulson and Federal Reserve Chairman Ben Bernanke that China’s high level of deposits caused the imbalance of global economy. The article is titled “Paulson and Bernanke’s Nonsense Cannot Change the Facts.” The article says that Paulson and Bernanke reversed the cause and result and it was U.S.’s low interest policy that directly caused the over-extended expenses. The article further says that if someone gets into trouble, an honest person should look within not shift the responsibility to others.

Source: Xinhua, January 6, 2009