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People's Daily Online>>Foreign Affairs

Bashing China won't solve world debt crisis: minister


16:44, November 04, 2011

BEIJING, Nov. 4 (Xinhua) -- Minister of Commerce Chen Deming on Friday stressed that China is doing its bit to rebalance global trade by expanding domestic demand and cutting import licenses and tariffs.

Chen's words came in an article published in the Daily Telegraph of the United Kingdom, saying attempts by some countries to bash China on trade and currency arrangements by politicizing economic issues and using trade protectionism won't help resolve their own domestic strife.

"Rather, they could negate our efforts to expand imports, crush global market confidence and cast a dark shadow over the recovery prospects of the world economy," Chen wrote in the article.

As China implements a more proactive strategy to open up its economy, its imports will exceed 1.7 trillion U.S. dollars this year, and amount to roughly 10 trillion U.S. dollars over the next five years, Chen said.

"We hope that other countries can adopt a longer-term vision and a more open mind-set, engage more in cooperation and partnership and less in the blame game, and join together to sail in the same boat through the current difficulties," he wrote.

The minister said China stands ready to work with other countries to strengthen dialogue and coordination on macro-economic controls, resist trade protectionism, disperse the haze cast by the global financial crisis, and promote a robust, sustainable and balanced world economy.

In the article, Chen recalled that since the outbreak of the international financial crisis, China has steered its macro-economic policies so as to expand domestic demand, stimulate imports while stabilizing exports, and promote balanced global trade.

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PD User at 2011-11-16175.137.152.*
This is just their first step. They will create sanctions and confisticate your gold deposited in US. Take them back behind your shores while there is still time.

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