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The following article was published in our article directory on November 11, 2010.
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G20 Summit Foreign Media Attention Chinese Position

Article Category: Business

Author Name: Amanda xzh

To "grow together over the crisis" as the theme of the Group of Twenty (G20) summit scheduled in Seoul from 11 to 12 in the South Korean capital Seoul. As early as in before the curtain opened, countries started the confrontation on the issue has been in full swing. Some foreign media that now looks more like a G 20 in the 21st century will herald the era of international conflict, most of the core issues of conflict between the U.S. and China, Japanese media exaggerated and even suggested that China will act as behind the main character of this meeting. Public opinion in this context, the Chinese officials, scholars and the mainstream media, words and deeds have become the focus of the foreign media, whose purpose is also evident, hoping to determine the G 20 summit in China's position on certain issues and tone.

For the United States recently announced a second round of "quantitative easing" monetary policy, Chinese officials and scholars on various occasions expressed dissatisfaction with the U.S. money printing to stimulate the economy, stressing the move will bring a flood of global liquidity and other side effects. Reuters published an article entitled "China's vocal opposition causes of the crisis, a crisis summit hopes G 20 dawn," the article said that China showed "outspoken" gesture, whether it is China's central bank governor's comments earlier, or the Deputy Finance long position, and hope that Thursday's summit was held in Seoul opened in global financial markets can be a prelude to re-shuffle.

Agence France-Presse and "The Wall Street Journal," Xinhua quoted the comments of the article said, China should be strict regulation G 20 suggested the Fed's behavior. The foreign media articles the way to direct speech, said, "Xinhua said, 'G 20 is undoubtedly the world's reserve currency, regulatory best platform for publishers. The world's reserve currency in the introduction of major monetary policy before, it is necessary G 20 mechanism of advance information and communication '. " "The Wall Street Journal" also indicated that the Xinhua News Agency is China's official media, however, is not clear to what extent this commentary reflect the views of the Chinese leadership.

In the "current account imbalances" This is South Korea, "Chosun Ilbo," described as the biggest focus of the summit in Seoul on the issue of popular concern about China's stance. According to reports, in Seoul summit preparatory meeting, the countries to "strive to shun the balance of payments current account, deficit control rate of gross domestic product of 4%," the specific policy guidance, has not yet reached. According to the latest news, the Group of Twenty summit in Seoul, 10, said the Preparatory Committee, is here meeting of deputy finance ministers of the G 20-recurring items the same day failed to narrow differences restrictions.

British "Financial Times" trying to speak Chinese scholars probing the Chinese side in the mouth of the wind on this issue. The article quoted the central bank's Monetary Policy Committee member Li Daokui professor at Tsinghua University as saying that "China should not fear the number of goals to reduce trade surplus, China is politically and economically in a good position to make such a (trade balance ) adjusted. " The paper further pointed out that although Li Daokui not a policy-makers, but China's central bank, a consultant, but his remarks seemed to indicate that China was to support the U.S. proposal that the current account surplus or deficit on the cap, it does not exceed the gross domestic product of 4%. "Financial Times" also to the number of Chinese financial newspaper articles on the evidence that the Chinese government will be able to accept the level of profit target.

In the exchange rate, Reuters quoted Chinese Vice Foreign Minister Cui said the speech 10, G20 summit would address global challenges, the RMB should not be discussed or any other particular currency. Cui said the position of the U.S. Congress did not comment or take action on the yuan, Sino-US relationship is still good; hope that the summit of trade protectionism and the international monetary system reform and the release of a "strong signal."

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