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LOS ANGELES, April 2 (Xinhua) -- Some U.S. experts on China suggested that the United States and China have different perceptions towards each other, but cooperation on critical global issues is essential and will necessarily involve sacrifices at home.Clayton Dube, Associate Director of U.S. China Institute at the University of Southern California, told Xinhua in a recent interview that domestic political concerns drive leaders in both countries, and neither side wants to be perceived by their fellow citizens as not standing up for core interests of their own countries.However, he said, what is vital is for leaders on both sides to convince their fellow citizens that cooperation on critical global issues is essential. Although it will involve sacrifices at home, ultimately those sacrifices will be rewarded to progress in addressing climate change, furthering economic growth and constraining the proliferation of nuclear weapons."Strong leaders know that they must sometimes yield on important measures in order to attain even more crucial aims. That must happen now and it must happen on both sides," stressed Dube."Leaders must always be sensitive to domestic pressures, but they also have a responsibility to look forward and to take action that will yield a better tomorrow, even if there are political costs today," said Dube.Stanley Rosen, Director of the East Asian Studies Center at the University of Southern California, told Xinhua that the political system, the role of media, ideology, political culture and political history between the two countries are very different, therefore it is easy for the two countries to misunderstand each other.However, in Rosen's opinion, both sides do not want the situation to get out of control."It is a two level game," he said, explaining that the U.S. leaders will deal with China, and Chinese leaders will deal with the U.S., then the U.S. leaders will deal with the U.S. and Chinese leaders will deal with China.He said the Obama Administration will have to worry about the U. S. Congress, and public opinion. His leadership has been weakened by the health care debate and he is worried about the mid-term election."There is much pressure on him to be tough on China," said Rosen.On the Chinese side, Rosen said Chinese leaders also face great pressure to be tough on the U.S. from the military, the National People's Congress, etc. "It is a nature of politics," Rosen said.From the U.S. side, Rosen said the message is Obama tries to be flexible in foreign affairs, but the flexibility has been perceived as weak towards China."His flexibility is not awarded, so he has to show his toughness towards China. The American and Chinese perceptions are different," said Rosen.For example, he said, the U.S. is tough on the currency issue and has put pressure on the Chinese side to reevaluate its currency. However, even in the U.S. there is a debate on whether the evaluation of RMB will help U.S. exports or to which degree the change of value of the Chinese currency will help increase jobs in the U.S..Rosen said the U.S. tends to be governed by elections. In his opinion, before the November election, the U.S. is unlikely to make concessions on issues on currency and others.He said what the U.S. can do is very limited right now, but he does not expect that the U.S. will take major actions to further deteriorate the U.S.-China relations. In his opinion, the Obama Administration and Democrats need to show their toughness towards China to woo voters before the mid-term election.He said most U.S. Congressional members are politicians but not statesmen. What they care about is to get re-elected every two years. Therefore, whether a small business will be closed and several dozens of employees will lose their jobs in their district is certainly a big concern for them, while whether what they have done will impact U.S.-China relations is not what they are caring about.Ben Tang, Director of Asian Studies at the Claremont Institute, told Xinhua that nationalism in both countries is on the increase and China has felt the pressure. However, he said the importance for the U.S. and China to cooperate should be carefully taken into consideration while making big decisions.Tang said that there is a trend of trade protectionism in the U. S. and some Americans attempt to let the world share the burden of its economic recession, that will set a very bad example in the world.But in Tang's opinion, the increasing trade protectionism and voices to be tough on China in the U.S. are partly fueled by the mid-term election to be held in November this year. He said such a situation won't last long. It will gradually die down after the election.
ANKARA, April 16 (Xinhua) -- Li Changchun, a senior official of the Communist Party of China (CPC), said here Friday that it serves the interests of both Chinese and Turkish peoples to ensure healthy and stable development of Sino-Turkish relations.Li, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, met Turkish Prime Minister Recep Tayyip Erdogan during his official goodwill visit to Turkey.China and Turkey face similar tasks of promoting economic and social development, safeguarding national unity and territorial integrity and protecting the interests of developing countries in international arena, Li told Erdogan. Li Changchun (L Front), a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, meets with Turkish Prime Minister Recep Tayyip Erdogan in Ankara, capital of Turkey, April 16, 2010."In the current complicated and volatile international environment, China and Turkey should support and understand each other in issues concerning the other side's core interests and ensure their bilateral relations develop in a healthy and stable way in the long term," Li said. "That is in the fundamental interests of both Chinese and Turkish peoples and benefits the world prosperity and stability."China is ready to continue to consolidate political mutual trust and strengthen cooperation with Turkey, said Li.He also noted the CPC is willing to explore new ways to boost ties with Erdogan's Justice and Development Party.Erdogan said he hopes Turkey and China can enhance high-level strategic consultations, expand their trade volume and further cooperate in major projects in such fields as energy and infrastructure.The two countries have a sound foundation for economic and cultural cooperation and share broad common interests within the frames of the United Nations and the G20, the group of the world's 20 industrialized and fastest-growing economies, said Erdogan.Li also visited the Ankara office of ZTE, China's telecommunications giant on Friday, urging the company to step up technology research and development and explore ways to achieve sustainable growth.Li arrived in Turkey on Wednesday and flew to Ankara on Thursday night. He is expected to leave Turkey for Saudi Arabia on Saturday. Li Changchun (L), a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, meets with Turkish Prime Minister Recep Tayyip Erdogan in Ankara, capital of Turkey, April 16, 2010.
BEIJING, May 2 (Xinhua) -- The People's Bank of China (PBOC), the central bank, announced Sunday it will raise the deposit reserve requirement ratio (RRR) for most financial institutions for the third time this year amid growing concerns of asset bubbles and economic overheating.The bank said in a statement on its website that it would raise the deposit reserve requirement ratio (RRR) for financial institutions by half a percentage point from May 10.The ratio for the rural credit cooperatives and rural banks would remain unchanged at 13.5 percent, said the PBOC.However, the RRR for other small financial institutions would rise to 14 percent, and that for large financial institutions to 17 percent.This is the third rise in the deposit ratio this year. On Jan. 12 and Feb. 17, the central bank raised the deposit ratio by half a percentage point each time.The move indicated the government was taking further steps to tighten monetary policy in response to concerns of overheating and asset bubbles, said Liu Yihui, an expert with the Financial Research Center of the Chinese Academy of Social Sciences (CASS).The PBOC has cut the bank reserve requirement ratio four times during the second half of 2008 to stimulate growth, as the global financial crisis started to weigh on the economy.The country posted a better-than-expected 11.9 percent year-on-year economic growth in the first quarter, but the government was cautious and had repeatedly warned that the economic conditions this year were "very complicated."China's consumer price index (CPI), the main gauge of inflation, saw a rise of 2.4 percent year on year in March, nearing the ceiling of 3 percent inflation this year that the government has set at the annual parliamentary session that month."There is an obvious tendency of overheating," Liu said.
BEIJING, April 4 (Xinhua) -- China's top political advisor Jia Qinglin met visiting Thai Princess Maha Chakri Sirindhom in Beijing Sunday.Jia, chairman of the Chinese People's Political Consultative Conference National Committee, hailed the friendship between the two countries and the development of bilateral ties since diplomatic relations were forged in 1975.During the 40-min meeting in the Great Hall of the People, Sirindhom spoke highly of China's economic and social development, pledging to further promote bilateral ties.In a separate meeting with Sirindhom Sunday evening, Chinese State Councilor Liu Yandong thanked Sirindhom for her donation of 10 million yuan (1.5 million U.S. dollars), which was used to rebuild an elementary school in earthquake-hit Sichuan Province. Jia Qinglin(R),chairman of the National Committee of the Chinese People's Political Consultative Conference,meets with Thai Princess Maha Chakri Sirindhom in Beijing,capital of China,April 4,2010 0.Sirindhom is expected to attend the inauguration of the school after her stay in Beijing.Since 1981, Sirindhom has visited China for more than 30 times. She is also interested in Chinese language and culture, and, in December last year, was named among the top 10 international friends who "made exceptional contributions" to China over the past 100 years.
BEIJING, May 8 (Xinhua) -- Chinese Vice Premier Li Keqiang has called for developed nations to assist the developing world in its green economy endeavor by technology transfer, financial assistance and market liberalization.Green economy offers a new model where people could both protect the climate and develop the economy, said Li at the International Cooperative Conference on Green Economy and Climate Change here Saturday.Li urged countries across the world to focus on developing new energies and promoting the development of energy-saving and environmental protection industries.Li encouraged people to live in a more energy-saving and low-carbon way, citing a "green consumption" concept. Chinese Vice Premier Li Keqiang delivers a speech on the opening ceremony of International Cooperative Conference on Green Economy and Climate Change in Beijing, capital of China, May 8, 2010.He said international cooperation in the framework of green economy and climate change is crucial to the recovery of global economy and the sustainable development of Chinese economy.With a theme of "Low carbon, New energy and Sustainable development," the conference was organized by the China Center for International Economic Exchanges. The conference has invited leaders, environment officials and entrepreneurs from