All posts by LLD - 170. page
China Responsibility” Pronouncement Unsound
How Beijing Views the U.S., The Games in the China Sea
Beijing Fires Back at U.S. Pressure Over Currency
“The appreciation of the renminbi can’t solve the trade deficit with China,” said China’s Foreign Ministry spokeswoman on September 16, at a press briefing, referring to the current U.S. pressure over China’s currency. “Pressure cannot solve the issue. Rather, it may have the opposite effect.”
The push-back was related to U.S. Treasury Secretary Timothy Geithner’s criticism of Beijing’s currency controls. Chinese authorities warned Thursday that continued pressure might worsen the situation. At the same time, the official Xinhua news agency published a range of articles with quotes from Chinese and Western scholars to defend its currency practice.
Source: Xinhua, September 16, 2010
http://news.xinhuanet.com/2010-09/16/c_12577551.htm
Qiushi Criticizes Western Style Democracy
On September 16, Qiushi, the core publication of the Central Committee of the Chinese Communist Party, printed the following article: “Systematic advantages and basic characteristics of socialist democracy with Chinese characteristics – Draw a clear line between socialist democracy with Chinese characteristics and Western capitalist democracy.” The article touted “walking our own path” instead of “copying the Western capitalist democracy model,” “real people’s democracy” instead of “dollar democracy in essence,” “a unicameral People’s Congress” instead of “a bicameral system with separation of powers,” and “CCP-led multi-party cooperation” instead of “Multi-party rule in turn.”
The article emphasized the importance of ideological work, which is of “important and far-reaching significance for improving the party’s political sensitivity and discernment, leading cadres and the masses consciously to adhere to socialism with Chinese characteristics, clarifying wrong viewpoints on the political direction of the buildup of democracy, and resisting the hostile forces’ attempts at Westernization.”
Source: Qiushi, September 16, 2010
http://www.qstheory.cn/zxdk/2010/201018/201009/t20100911_46966.htm
Exim Bank: Support Chinese Enterprises to Land in Latin American
At the second Latin America-China Investors Forum (LA-CIF) held in Beijing on September 15 and 16, Vice Governor of China’s Export-Import Bank Zhu Xinqiang spoke about actively supporting Chinese enterprises to open up businesses in Latin America. The Exim Bank will “fully make use of its good relations with Latin American countries and bountiful information about local policies, laws, and business protocols to provide consulting services for the enterprises and help Chinese enterprises with project evaluation and risk assessment. At the same time, it will provide financial products and services to support China-Latin America business and trade cooperation.”
The Exim Bank, with total assets of over 1 trillion Yuan (0.15 trillion $US), is offering financial support for Chinese enterprises in more than 150 countries and regions; its Latin American outstanding loans are as high as 40 billion Yuan (US$6 billion).
Source: Xinhua, September 15, 2010
http://news.xinhuanet.com/2010-09/15/c_12573296.htm