My comment: Since the G20 meeting in Washington, there is a partly open, partly hidden debate in China and abroad about our true responsibilities.
High authorities repeat again and again that their first responsibility is toward their own people, that is true of course. They also repeat again and again that China is not big enough to turn the direction of the global economy, that is true, of course, China alone cannot turn it. But that is not answer enough. Can China grow in a sustainable way if the rest of the world would decline? We all agree, no, we cannot. On the other hand, US, and somehow European authorities too, do not watch at China, but just at its foreign reserves. That is true, China ´s foreign reserves are crucial to turn this crisis. But that is not answer enough. It is blindness. Without arrogance, without self-praise, without "go, go, go China #1" feelings we have to watch at ourselves and realise that not only China has changed, the world has changed too, and therefore our place into it and our relation with it. We have to be realistic, not just humble. Facts are proving that the more China involves its economy into other countries the better both sides develop. Swap mechanisms, free trade agreements, loans, etc. with other countries are turning the situation in those countries in Southern and Southweastern Asia, Africa and Latinamerica from recession to moderate hope and even rebound in some cases. It is true that domestic demand in China is boosting rebound in the economies that are open to higher exchange levels with China. But that is not enough, that is not a temporary phenomenon. Not forgetting that we have to achieve a better balance of our economy, also, we have to accept that, as the biggest country in terms of population, more and more China´s economic demand will help growth in those economies that want to cooperate closer and closer with China. Chinese overseas can play an additional new role, a profitable business too. Not just to promote China´s export as they did in the past, but also to bring into China the best of the breed wherever it can be. And always with the same long-term partnership mind that they have treated exports before, because this new flow of goods and services toward China will grow along decades and probably centuries. Peace and best wishes. Xi --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "World-thread" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~----------~----~----~----~------~----~------~--~---
