Guo Xiangang, the Deputy Director of China’s Institute of International Studies, commented on the bill on China’s currency that is before the U.S. Senate, the Currency Exchange Rate Oversight Reform Act of 2011. He observed that, in addition to political motivation because of the upcoming election year, the move occurred because the U.S. has its own problems. In particular, in recent years, China has surpassed Japan and become the No. 2 economy in the world. “The United States of course is No. 1. From the U.S. perspective, it has a sense of crisis, worrying that China will surpass the U.S. and become No. 1 in a few years. Therefore, it has been trying various approaches. One is to find fault with and attack China. A second is to reduce China’s growth rate, or even to contain China, believing that will slow down China’s growth.

Source: China National Radio, October 3, 2011
http://china.cnr.cn/qqhygbw/201110/t20111003_508576092_1.shtml

The State media Guangming Daily published an article on its website urging the U.S. to focus on its own interests, rather than on ideology, when dealing with China. It observed that the U.S. would like to see other economies in a strong recovery so as to lead the world economy out of recession. “China is exactly such an economy, and is probably the only economy that can do the job.” It warned that the U.S. is playing with a boomerang with the Chinese currency exchange issue and could end up harming its own economy if it is not careful. “The Sino-US relationship is not based on ideology but respective self-interest. … The normal approach to expanding the bilateral relationship is not to allow ideology to hinder our views, but to play the game based on the different interests of each party.”

Source: Guangming, October 3, 2011
http://view.gmw.cn/2011-10/03/content_2733020.htm

Study Times published an article stating that the recent U.S. arms sale to Taiwan was motivated by four factors. The first one is the core strategic interest of the U.S. to contain China by leveraging Taiwan. The U.S. conservatives consistently view China as its major strategic competitor, not a partner. The second factor is the significant U.S. economic interest in the arms sale. This new agreement to sell arms brings the entire amount of arms sales during the Obama administration to US$12.252 billion, topping previous administrations since the severance of the U.S. – Taiwan diplomatic relationship. The third factor is the domestic politics associated with the upcoming election. The economy and jobs are the most important issues in the election. The arms sale will allegedly result in over 80,000 jobs in the U.S. The fourth factor is the interplay of the domestic political forces in Taiwan.

Source: Study Times, October 3, 2011
http://www.studytimes.com.cn:9999/epaper/xxsb/html/2011/10/03/02/02_38.htm

Huanqiu, the official newspaper under People’s Daily, published a commentary on September 29, 2011, titled “Powerful Retaliations against the U.S. – Many Benefits with Little Downside.” The article suggests retaliating against the U.S. by suspending high-level dialogues, stopping all military exchanges, ending human rights dialogues, imposing sanctions against the companies that sold arms to Taiwan, reducing imports from the U.S., temporarily stopping the purchase of U.S. Treasury bonds, and even selling a small amount of the U.S. Treasury bonds, which is China’s “economic atomic bomb.”

The article suggests seizing the “god given” opportunity to “reverse China’s passive role in the arms sale to Taiwan problem.”

“Since China singles out the United States as the target for retaliation, which is morally justified, other Western countries will only watch without uniting together to besiege China.” “We are sure that the United States will not end its relationship with us. Currently, the U.S. needs us more than we need them.”

Source: Huanqiu, September 29, 2011
http://opinion.huanqiu.com/roll/2011-09/2045548.html