BEIJING — China vowed Sunday to remain alert to any renewed signs of economic crisis and forcefully defended its currency, trade and more assertive foreign policies as helping global rebalancing, not undermining it.
Premier Wen Jiabao repeatedly took issue with United States, whose relations with Beijing have soured in recent months. To U.S. criticisms that China keeps its currency undervalued and thus harms U.S. exports, Wen said Beijing opposed "finger-pointing or taking strong measures to force" a readjustment of the yuan. Likewise, he said the recent White House reception to Tibet's exiled Dalai Lama and U.S. arms sale to Taiwan "caused serious disturbance in relations."
"The responsibility does not lie with the Chinese side, but the United States," Wen said in a wide-ranging news conference, his only regular meeting with the media all year. "With mutual trust both countries can forge ahead, but with mutual suspicion both countries will fall behind."
Wen, who is No. 3 in the Communist Party hierarchy and chiefly responsible for the economy, dwelled on China's strong bounce-back from the world economic crisis and whether the current global recovery could be sustained. He cited high unemployment rates, debt crises in foreign nations such as Greece and high government deficits abroad, while at home, he said, there are worries about inflation and businesses' over-reliance on the massive stimulus and loans China used last year to keep the economy running.
"All of these may cause setbacks in the recovery of the global economy and may even cause a double-dip," he said.
Read More...
No comments:
Post a Comment