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Updated Thursday, March 18, 2010 4:23 pm TWN, By CHRISTOPHER BODEEN, AP U.S. ambassador urges China cooperation on IranWashington and other trading partners are pressing China to ease currency controls that have kept its yuan steady against the dollar for 18 months to help their companies compete amid weak global demand. A group of American lawmakers wrote to President Barack Obama this week urging him to press Beijing to loosen controls. The U.S. Treasury has the option of declaring Beijing a currency manipulator in a report due out in April, which could set the stage for a complaint to the World Trade Organization and possible sanctions on Chinese goods. "This is a real concern for people in my country," Huntsman told students at Beijing's elite Tsinghua University, citing high U.S. unemployment that critics say is exacerbated by an undervalued yuan. "Many see the trading relationship with China as a little bit out of balance, partially because of the currency issue," he said. Huntsman said China would be wrong to view the currency issue as merely an American complaint, with the EU and other trading partners — and even the head of the International Monetary Fund — sharing such concerns. He indicated U.S. officials would press China hard on allowing the yuan to appreciate in upcoming trade talks, and hoped to see "more flexibility on the exchange rate." China denies that its currency is undervalued, although many analysts expect the government will gradually raise the yuan's value this year while maintaining exchange rate controls. The sharpening trade disputes come amid lingering Chinese anger over U.S. arms sales to Taiwan and a recent meeting between Obama and Tibet's exiled spiritual leader, the Dalai Lama. Hard-liners in the Chinese military have argued for punishing the U.S. by withholding cooperation on issues such as Iran and climate change. However, Huntsman said such differences "cannot, must not, prevent the two countries from working together to create jobs, address climate change, and prevent Iran from developing a nuclear weapons capability." "To put our relationship on a more stable and mature footing, we have to delink our differences on bilateral issues from our cooperation on global issues, including nonproliferation," he said. China, which relies on Iran for much of its energy needs, has so far refused to agree to new sanctions on Iran to pressure it to suspend its uranium enrichment program. Huntsman said China has much at stake in the debate over Iran, having imported more oil from Saudi Arabia last year to fuel its booming economy than the United States did. "Tensions in the Middle East have an impact on the price of oil internationally and can adversely affect China's development strategies," Huntsman said. China also needs to work with the U.S. on establishing verifiable targets for reductions in greenhouse gas emissions ahead of the next major climate conference in Mexico in late November, he said. "As the world's two largest emitters of greenhouse gases, we have a responsibility to lead the way," Huntsman said. China has resisted setting verifiable targets for emissions reductions and was blamed by some for the failure to reach a binding agreement at last year's Copenhagen climate change conference. Subscribe to The China Post and save 25%. Click here Comments March 24, 2010 mtsai16@ carltanong@ wrote: You have every right to voice your opinions.Americans should blame themselves for her own self made WOE'S for their own country and people's suffering. 1-Americans want to control the Middle East oil field and Central Asia. But backfire. Now the American and the West want China to cooperate with them to pressure's IRAN. On other hand, the Americans supported Terrorist Dalai Lama and Terrorist Rebiya Kadeer to destabilized China and painted China as a Human Right violator. 2-Americans have mismanaged their own financial resources and create their own financial crisis. And now they are forcing China to appreciate the Chinese Yuan. WHAT NEXT, MY AMERICAN AND WESTERN FRIEND'S? Should the Chinese people's obey your dictation? NO is the answer. You and your WAR MONGER'S Western ALLIES should solved your own DELINQUENCY of your own misdeed and violated the World Human Right and pay the due what you created the Horror's and Havoc's of WAR by yourself in every part of the WORLD. CHINA HAS HER OWN RIGHT. This is what we call CHINA RIGHT. Nonetheless, you should ensure that your grammar and spelling are standard because anything less will be a turnoff to many educated readers. Moreover, you might want to reduce your ALL CAPS in order to not be perceived as "screaming and ranting". March 25, 2010 carltanong@ @mtsai16Thanks for your good advice. My grammar and English and my spelling are really very poor. I always depend on my secretary to write every formal letter for me to my supplier and client. And here in China Post. I write it myself. And I love China Post very much. All the readers here write very good English grammar. Very excellent. And most of all, though I live overseas, my purpose in writing here is just to send some message hoping all Chinese whether R.O.C. or P.R.O.C. should live in Peace and Harmony. March 26, 2010 elumpen@ No need to denigrate people's grammar. Wish I could write Chinese even half as well as carltanong writes English.1. The current problems in Iran were largely caused by America and the UK attempting to control their oil interests there back in the 70's, and the UN's failure to mediate in the Iran-Iraq war. However, I think Obama's attempt to patch things up with Iran was a genuine one, and Iran passed up the chance. So at this point, Iran's problems are now entirely their own. The sad thing about the whole nuclear argument is that nobody needs nuclear weapons - tactically, they're just not very useful, and if Iran feels threatened they should spend the (huge) sums of research money on just improving their armed forces. Worked for China, didn't it? As for civilian nuclear reactors - what a waste of time. They have one of the world's biggest, hottest deserts just outside Tehran. Solar power, anyone? 2. China's artificially-low exchange rate is damaging China, not the west. Do you think Americans care if China wants to give away its resources and the lives of its people at below true cost? That is what is happening. China is not "selling" anything - by keeping the currency low, they are literally giving their country away, piece by piece. How ironic that they are now doing, by choice, what the Europeans forced them to do a century ago! March 27, 2010 mtsai16@ To elumpen:I offered advice to carltanong, who took my constructive criticism in stride ;-) Your Chinese competency is not an issue here, because this is an English language newspaper. If you chose to comment on a Chinese language newspaper, then that would be another matter .... March 27, 2010 mtsai16@ "China's artificially-low exchange rate is damaging China, not the west ... China is not "selling" anything - by keeping the currency low, they are literally giving their country away, piece by piece."@elumpen How else can the Chinese gain business if they do not undersell their competitors? The fact that they can earn a little money for their efforts is better than earning nothing for no effort at all (as was the case for many decades). Perhaps you and I have yet to experience starvation of any kind (cultural, economic, or agricultural, etc.)? When Chinese products become known for their quality, longevity or name recognition, then I'm sure we all will pay an arm and a leg for them. April 1, 2010 Obeliskview@ Mr. Huntsman is making a totally wrong accusation about China using bilateral disputes to impede cooperation on global issues such as climate change and Iran's nuclear program. Although we hate you, the US, for constantly putting a wedge on unification between China and Taiwan, supporting Terrorist Dalai Lama and Rebiya Kadeer, we don’t avenge by supporting Terrorist figure like Osama Bin Laden in similar behavior, because we’re a responsible country. We also believe in sovereignty that every country should have it right to protect her country’s interest, including possess of nuclear arm for country like Iran, just as the US has the right to carry few thousand nuclear warheads. Why should a different rule be for the US? This is a belief. It’s just a different point of view. If the US sees it different, that’s their choice, but be a responsible country to resolve it peacefully, not another Iraq. The US should stop being all mighty, applies double standard, built some credibility for god sake. April 5, 2010 elumpen@ "How else can the Chinese gain business if they do not undersell their competitors?"The same way Korea did it: by improving their education and abilities to produce superlative products. Any idiot can sell stuff cheaper than the other guy, but if you're not making any profit, why would you want to? My point was, China isn't actually "earning" anything. If one were to think in terms of barter, they're exchanging an iPod for an apple. People in poverty might willingly exchange manufactured goods for food, but the logic is flawed: apples are much easier to produce that iPods, so why bother with the latter? Fundamentally, an export-driven market is pointless if you don't want/need to import anything. China is so big they could have developed a massive internal economy without bothering to involve other countries, except possibly to hire foreign expertise. April 6, 2010 mtsai16@ To elumpen:Without a superlative product, one can compete only by underselling. Japanese autos undercut American prices in the 70s and 80s BEFORE improving their quality in the US market. Korean autos undercut both American and Japanese prices in the 90s and 00s BEFORE improving their quality in the US market. Both autos are now regarded for their excellent quality in the US. Yet, they still consistently beat other prices in their class. Please enlighten me by naming superlative products made in China. May 8, 2010 bri.waite@ Supporting sanctions on Iran is all well and good, however, it is pretty unlikely that they have the economy to support developing more than a few high profile nuclear devises. Unlike, North Korea, the populous has a significant amount of power to avoid the complete diversion of Iran's income. To a second point, the value of a national currency is not an internal issue when said country is the largest exporter in the world. It is undervalued, and, although I don't think it has too much to do with America's unemployment rate, it does negatively impede non-China goods. Undercutting in one area, like auto manufacturing, is one thing, but when the entire range of Chinese exports are sold at a lower than market price, it is problematic. Hopefully the IMF will take notice and perhaps advise China. I hope I don't get trolled for this statement. |
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1-Americans want to control the Middle East oil field and Central Asia. But backfire. Now the American and the West want China to cooperate with them to pressure's IRAN. On other hand, the Americans supported Terrorist Dalai Lama and Terrorist Rebiya Kadeer to destabilized China and painted China as a Human Right violator.
2-Americans have mismanaged their own financial resources and create their own financial crisis. And now they are forcing China to appreciate the Chinese Yuan.
WHAT NEXT, MY AMERICAN AND WESTERN FRIEND'S? Should the Chinese people's obey your dictation? NO is the answer. You and your WAR MONGER'S Western ALLIES should solved your own DELINQUENCY of your own misdeed and violated the World Human Right and pay the due what you created the Horror's and Havoc's of WAR by yourself in every part of the WORLD.
CHINA HAS HER OWN RIGHT. This is what we call CHINA RIGHT.