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LONDON, March 15 (Xinhua) -- U.S. President Barack Obama's pressure on China over its currency's exchange rate is a manifestation of hypocrisy from the West and will not work, a British economist has said."The president is playing with fire... Obama really should tread carefully. At the same time, the United States is now at risk of sparking what could be an all-out trade war," said Liam Halligan in an article carried by this week's Sunday Telegraph.Halligan, chief economist at Prosperity Capital Management, predicted that China will not yield to U.S. pressure on the issue."Beijing will eventually allow the yuan to rise, but in its own time and in order to tackle inflation and not because of U.S. pressure."Chinese inflation is now at 2.7 percent, close to the official 3-percent control target, he noted.Halligan argued that the Chinese yuan may not be under-valued as much as Western politicians have perceived.Although Chinese exports rose by 46 percent in the first two months of 2010, the rise is from a very low base -- with February 2009 being the epicenter of the U.S.-sparked sub-prime storm, he noted.He also pointed out the fact that China's trade surplus dropped by 51 percent in the same period. That means China's gain in exports were out-weighed by an import surge."This hardly suggests the yuan, as (U.S. Treasury Secretary Tim) Geithner claims, is 'way too low'," said Halligan.Geithner said in January that Obama believed China was manipulating its currency.On Obama's latest call for China to adopt a more "market-oriented exchange rate," Halligan said Washington is actually the biggest currency manipulator in the world."The reality is that America's 'weak dollar' policy -- its long-standing practice of allowing its currency to depreciate in order to lower the value of its foreign debts -- amounts to the biggest currency manipulation in human history."Halligan also noted that Washington has for years "shamefully stalled" on various rulings of the World Trade Organization that showed America to be breaching global trade rules."America needs to act smarter and get its own economic house in order. Obama has decided instead to lash out at China in a desperate attempt to placate a U.S. electorate increasingly mindful of their president's failings," said Halligan.The economist said Western politicians' blame game against emerging markets over the current global imbalances reflects their hypocrisy and lack of character."It's always easier to blame someone else for your failings... The Western world's response to this self-made 'credit crunch' has highlighted the hypocrisy of our so-called leaders, their refusal to face reality and, above all, their lack of character," he said."The implication (of statements of Western politicians) is that sub-prime, and the deepest Western recession in generations, wasn't our fault. It was entirely unrelated to widespread financial fraud, political myopia and lax regulation," Halligan scorned.

BEIJING, Feb. 23 (Xinhua) -- China on Tuesday denied government links to cyber attacks against the search giant Google, saying such accusations were "irresponsible and calculating.""China resolutely opposes the groundless accusations from Google," China's Foreign Ministry spokesman Qin Gang said, referring to Google's statement last month that it might pull out of the Chinese market, citing it services had been hacked by sources originating in China.Chinese laws prohibit cyber attacks and China's government does not tolerate cyber crime, and China welcomes international Internet companies to conduct businesses in China in line with the law, Qin told a regular new briefing"These firms have unblocked access to relevant Chinese government departments in terms of communication," said Qin, who stressed China's unchanged stance in promoting the development of the Internet."Foreign Internet enterprises, like foreign businesses of any other kind operating in China, shall abide by Chinese laws and respect its culture, "Qin said.Qin also said recent accusations of two Chinese schools carrying out cyber attacks against Google did not hold water.The New York Times has filed two reports recently claiming the cyber attacks on Google and other American firms last year have been traced to Shanghai Jiaotong University (SJTU) and Lanxiang Vocational School (Lanxiang) in east China's Shandong Province.Both Lanxiang and SJTU said the report was unfounded, and denied being behind the cyber attacks on Google and other American companies.

BEIJING, Feb. 27 (Xinhua) -- China's massive stimulus package has proved effective, with the Chinese economy having bottomed out and now in recovery mode, Chinese Premier Wen Jiabao said during an online chat Saturday.The stimulus package brought confidence and courage, and improvements have been gradually made during its implementation, Wen said while chatting online with Netizens at www.gov.cn and www.xinhuanet.com.Boosted by a raft of stimulus measures, China's economy expanded 8.7 percent in 2009, staging a speedy recovery after being hit by the worst global financial crisis in eight decades.Chinese Premier Wen Jiabao (L) prepares to chat with Internet surfers on two state news portals in Beijing, China, Feb. 27, 2010. The two portals, the central government website (www.gov.cn) and the Xinhua News Agency website(www.xinhuanet.com), will jointly interview Wen, which will be shown live in both text and videoThe stimulus package included fiscal spending; tax cuts; adjustment and support policies for key industries; support systems for scientific development; and improvements in the social security system.The package has contributed to the nation's development and people's livelihood with both economic and social achievements, he added.

BEIJING, Feb. 12 (Xinhua) -- Chinese police nationwide were urged Friday to tighten security and step up safety overhaul during the Chinese Lunar New Year and be "ready to handle emergencies to prevent serious accidents."A circular from the Ministry of Public Security told local police authorities to increase scrutiny of fireworks parties, trade fairs, lantern shows, and temple fairs during the Spring Festival holiday which starts Saturday.It said the police should assist in keeping public and traffic order around large events' venues and be ready to handle crime and emergencies.Efforts should be made to strengthen security measures around train stations. Police authorities must release "safety tips" to the public through radio, newspapers and cell phone messages, it said.More than 10,000 large events, including traditional temple fairs, will be held across the country during the seven-day holiday, with more than 320 events expected to attract more than 10,000 people each.The latest ministry statistics show police solved nearly 1,200 homicide cases and 915 human trafficking cases last month.Police also arrested nearly 470 suspects for using telephones to scam or defraud people in January, saving 3.45 million yuan (507,000 U.S. dollars) in economic losses.Last month, the police busted nearly 2,000 bases for illegal fireworks' manufacture, sale, or transportation.The Spring Festival, or the Lunar New Year, falls on Sunday. It is the most important annual Chinese festival, with family reunions, much fun and plenty of eating.

TAIPEI, Feb. 19 (Xinhua) -- General Secretary of the Communist Party of China Central Committee Hu Jintao's talk to Taiwan business people during his Spring Festival visit in Fujian Province delivered goodwill to Taiwan, media and scholars on the island said.Leading newspapers in Taiwan including the China Times and the United Daily News followed the developments of Hu's four-day inspection tour in Fujian, which faces Taiwan.Hu ended his tour on Feb. 15 after visiting Zhangzhou, Longyan and Xiamen and celebrated the Spring Festival, or the Lunar New Year, with local residents and Taiwan compatriots living in Fujian.Hu told Taiwan business people the mainland would try its best in everything that would benefit Taiwan compatriots, and "we will honor our words."Chinese President Hu Jintao (2nd L), who is also general secretary of the Central Committee of the Communist Party of China (CPC), talks with a businessman (1st L) from China's Taiwan Province, at the Zhangpu Pioneer Park of Taiwan farmers in Zhangzhou, east China's Fujian Province, Feb. 12, 2010He also said the negotiation on the Economic Cooperation Framework Agreement between the mainland and Taiwan would "put into full consideration the interests of Taiwan compatriots, especially those of farmers."The China Times carried a commentary saying the message conveyed in Hu's speech to Taiwan business people was worth careful reading by Taiwan authorities.The online edition of the Central Daily News also released a commentary headlined "Hu Jintao celebrates Spring Festival in Fujian, delivers goodwill to Taiwan people."Hsu Wun-Pin, a renowned lawyer in Taiwan, said Hu's visit highlighted the role of culture and kinship in cross-Strait relations.Hsu's ancestors lived in Tong'an, now a district of the coastal city of Xiamen.Tamkang University prof. Chang Wu-yueh said Hu's choice of visiting Taiwan businessmen in cities that saw thriving cross-Strait exchanges during the most important traditional festival of the Chinese nation clearly displayed the mainland's high expectations of cross-Strait relations.