My comment: Most of what is told in this video is correct. Just two coomments:
1) I cannot understand why is so difficult for Western economists to understand that CHINA HAS ALREADY CHANGED ITS GROWTH MODEL. Less and less based on exports toward more and more based on domestic demand until we find a balance between both. Therefore do not be shocked that percentage of imports on exports grow. In a mature economy both must be equal. 2) The four powers agreement (China, India, Russia, USA) is not a goal for China. China ALREADY has agreements with most countries around the world that include financial mechanisms such as currency pools, swap mechanisms, state to state loans deominated in several currencies, etc. Every country is invited to extend such agreements Bolivia, USA, ASEAN, Japan, Saudia, Sudan, Europe, etc. all are welcome. If one wants to exclude themself, of course, they can feel free to sidestep and to use "buy Japanese" or "buy American", or to raise tariffs, or any other sort of protectionism. Up to them. This is about cooperation, not confrontation, take it or leave it. Finally, it is refreshing to find American economists saying that "anyone who wants to devalue the US dollar should be fired", sometimes it seems that most American economist lost their brain. Peace and best wishes. Xi On 16 oct, 16:24, xi <[email protected]> wrote: > Xinhua from Peoples daily editorial. > > Peace and best wishes. > > Xi > > Huge trade deals elevate Sino-Russia > tieshttp://news.xinhuanet.com/english/2009-10/16/content_12244758.htm > > BEIJING, Oct. 16 -- Chinese Premier Wen Jiabao and his Russian > counterpart Vladimir Putin inked on Tuesday, October 13 the Joint > Communiqué of the 14th Regular Prime Ministers' Talks between China > and Russia. They also witnessed the signing of 12 agreements, > including agreements on natural gas and petroleum oil, transportation, > aerospace industry, customs clearance and with regard to humanitarian > studies. > > Among these agreements, five are the documents relevant to fuel > energy cooperation. In this realm, the two sides have agreed to work > together to make sure that the 1,030-kilometer pipeline project, > running from Skovorodino, Russia, to China's northeastern city of > Daqing, could be completed by the end of 2010 and start stable oil > supply in 2011 and moreover, both sides would go in for nuclear energy > cooperation. > > The Chinese Ministry of Railways' memorandum of understanding on a > high-speed railway system in Russia signifies that China's one-sided > importation of technology from Russia has come to an end. Nowadays, it > is China's turn to help Russia build high-speed railways. Besides, > China can also import nuclear technology from Russia, while exporting > to it the related technology for liquefying high-quality coal at high > temperatures. > > This adds new connotations to the complementation of the two > economies, and bilateral economic cooperation has scaled a new height. > Recent developments in Sino-Russian bilateral cooperation indicate > that the governments and enterprises of both nations have gone into > actions and are striving to promote bilateral cooperation in such > spheres as energy, investment, aerospace, forestry, transport and > communication, infrastructure construction, resources development and > finances. > > Marked, considerable advances have been recorded in all-round > bilateral cooperation since the two nations set up their strategic > partnership of cooperation in 1996 and signed the Good-Neighborly > Treaty of Friendship and Cooperation in 2001. Take bilateral trade, > Russia's trade with China soared to 56.8 billion US dollars in 2008 > from 9.3 billion dollars in 2002. The share of oil in Russia's exports > stands at 56 percent, with metals at 5 percent, while the share of > machinery stands at 4.4 percent, statistics show. > > At present, China is Russia's third biggest trade partner while > Russia became China's 11th. Despite a rapid growth in Sino-Russia > trade, bilateral economic cooperation seems to be trailing behind, > given huge potential for economic cooperation in a wide rage of > important areas and sound political relations between the two nations. > As a matter of fact, the Sino-Russian trade volume is only one third > of that between China and the Republic of Korea. > > The current regular meeting mechanism between the Chinese and > Russian premiers, a series of documents on enhancing bilateral > cooperation signed during the current meeting as well as trade deals > worth four billion US dollars struck between them signifies that the > strategic partnership of bilateral cooperation between China and > Russia has become highly enriched and much more improved. > > Comprehensive Sino-Russian cooperation is of vital global > significance. "Russia-China cooperation is one of the most important > cornerstones of the world stability," said Russian Prime Minister > Vladimir Putin in an interview with Chinese reporters in Beijing on > Tuesday > > Meanwhile, noted Chinese Premier Wen Jiabao at the celebration on > the 60th anniversary of China-Russian diplomatic ties and concurrently > the closing of the "Russian year" in his country, China and Russia, as > the great neighbors to each other and both permanent members of the > United Nations Security Council, should work hard to bring about a > just, fair and rational new world order and contribute more to the > world peace and development. > > Indeed, China and Russia represent the most powerful countries > among the BRIC nations, namely, Brazil, Russia, India and China. As > far as their foreign exchange reserves are concerned, China ranks the > first and Russia the third worldwide. > > Their cooperation in the financial sector is of an extremely vital > importance for the establishment of a new global economic order that > is fair and rational, making the international relations more > democratic, the global setup more multi-polarized and the entire world > even more harmonious. > > If viewing or approaching bilateral relations from such a height, > a few temporary problems and frictions in bilateral trade, such as the > pricing of natural gas, can be overcome or resolved, provided fuel > enterprises of both nations are able to come to terms acceptable to > both sides. So, people are now fully convinced that the equal, > mutually-trustworthy and cooperative relations could surely benefit > the people of both countries and help promote the world peace and > development. > > On Oct 14, 5:44 am, xi <[email protected]> wrote: > > > > > My comment: I focuss on economic agreements because it is where I > > unerstand how important they are for both countries. I guess they > > signed other important agreements in other fields too. > > > Most agreements are strategic relationships in the energy field. To be > > honest, I cannot describe easily how important and deep those > > agreements are for both countries. Maybe the best way is to compare > > when China joined international institutions during Nixon era. Those > > agreements are extremely important for Russia as well because somehow > > they grant wealth for a whole generation of Russians and they open the > > East Asian markets to Russians through China. > > > In volume, those agreements are above the amount of usual stimulous > > packs that major economies such as USA or China handle nowadays. It > > also gives an idea on how important those agreements are. > > > Just some of them: > > > Russia, China work on gigantic oil, gas co-op > > projecthttp://news.xinhuanet.com/english/2009-10/14/content_12226374.htm > > > Putin’s China Visit Helps Russia Become Global Energy > > Supplierhttp://www.bloomberg.com/apps/news?pid=20601087&sid=aNSkMKt_Syic > > > Putin strikes multi-billion deals with > > Chinahttp://www.youtube.com/watch?v=1ICKBFIwpTk > > > Besides energy suplies and infraestructure projects, through these > > agreements China is giving huge loans to Russia and taking more stakes > > in Russian corporations, it will make those those relations stronger, > > more stable and long term oriented too. > > > Peace and best wishes. > > > Xi- Ocultar texto de la cita - > > - Mostrar texto de la cita - --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "World-thread" group. 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