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BEIJING, Feb. 8 (Xinhua) -- As the U.S. President Barack Obama vowed to get "much tougher" with China on exchange rates and trade, economists from Beijing said China should not give in to increased U.S. pressure that stems from its domestic problems.Obama's talk of putting "constant pressure" on China to strengthen the yuan so to ensure the price of U.S. goods was not artificially inflated has drawn heated comments from economists in Beijing."His words are only aimed to appeal to domestic interest groups," said Tan Yaling, an expert at the China Institute for Financial Derivatives at Peking University.Given China's growing international clout and the lack of jobs in the United States, Obama will certainly try to make China change its currency policy as this is an easy way to weaken China's export industry, she said.It was also a relevant tactic given the President was losing ground in opinion polls and facing tough conditions leading up to the mid-term election later this year, she said.Although the U.S. economy recovered to 5.7 percent growth in the fourth quarter last year, a record high in six years, jobless rate surged to more than 10 percent.Fiscal deficit is set to hit 1.56 trillion U.S. dollars in 2010, or 10.6 percent of its GDP, a new record since the Second World War.In the State of the Union Address on Jan. 28, Obama made it clear he would focus on jobs in 2010 and pledged to double exports in five years which could create 2 million jobs in the States.Tan Yaling said Obama's export drive could not fix the job problem, while a stronger yuan would add costs for U.S. consumers.RESIST PRESSUREIt's an old trick for the U.S. to force its major trade partners to appreciate their currency to help itself in a time of crisis, said Zhang Yansheng, director of the Institute of Foreign Trade of the National Development and Reform Commission."China's reforms, including exchange rate reform, should be independent of other countries," he said.He noted China's currency policy should comply with the country's macroeconomic conditions and industry restructuring. As many exporters' sales were just starting to pick-up, a rising renminbi would hurt their fragile recovery.Many foreign experts also agreed that the appreciation of the renminbi would not remedy the global economic imbalance.A 20 percent rise in the yuan and other major Asian currencies would at best lead to a rise in U.S. exports worth 1 percent of gross domestic product, as the International Monetary Fund (IMF) estimates suggested, said Olivier Blanchard, Economic Counsellor and Director of the Research Department of IMF."I think it's very important not to bash China over the RMB. What China should do, and is actually doing, is to decrease its saving rate, thus increase domestic demand, and reorient production to satisfy this higher domestic demand," he said in an interview with Reuters on Jan. 29.The renminbi has gained around 21 percent since July 2005 when the government delinked the yuan from the U.S. dollar. However, China's trade surplus with its major trading partners did not fall accordingly."The exchange rate of renminbi is not the main reason for the Chinese-U.S. trade deficit," Foreign Ministry Spokesman Ma Zhaoxu said Thursday."We expect the United States to view bilateral trade issues rationally and to negotiate fairly. Accusation and pressure would not bring a solution," said Ma.

BEIJING, Feb. 22 (Xinhua) -- Senior officials of the Communist Party of China (CPC) on Monday urged Party organs and governments at all levels to prioritize talented individuals as the top resource for social and economic development.It was revealed in a meeting of the Political Bureau of the CPC Central Committee, which was presided over by General Secretary of the CPC Central Committee, Hu Jintao.According to a statement issued by the meeting, members of the Political Bureau deliberated the mid- and long-term plan for national talent development (2010-2020), saying that a more open policy for introducing and cultivating talents should be carried out.The Party should improve its leadership of talent management to cultivate talents, while all provincial-level governments and governmental departments in charge of important industries should also work out corresponding talent development plans, said the statement.During the meeting, members of the Political Bureau also discussed a government work draft report which will be submitted by the State Council to the top legislature's annual session next month.Under the leadership of the CPC Central Committee and with joint efforts by the country's people of all ethnic groups, China made "hard-won" achievements against the backdrop of the global economic downturn and international financial crisis in 2009, the statement said.The State Council and local governments at all levels had performed their duties well and done a lot to overcome the difficulties, it said.The year of 2010 will be vital to continue dealing with the impact of the global downturn and keeping steady economic growth as well as to transform the mode of economic development.The meeting also called for more efforts to fulfill the country's 11th Five-Year Plan (2006-2010), the statement said.

PORT-AU-PRINCE, Jan. 14 (Xinhua) -- A wood board improvised as a table with all medicine on it -- this is a "mobile hospital" the Chinese rescue team was able to set up to treat those injured in Haiti's capital city Port-au-Prince after the 7.0-magnitude earthquake hit the impoverished Caribbean country on Tuesday.     A large number of injured Haitians have stood in line waiting to be treated by the Chinese doctors on the plaza in front of the quake-affected Prime Minister's Office building. Members of a Chinese emergency rescue team inspect the collapsed building of the headquarters of the UN Stabilization Mission in Port-au-Prince, Haiti, Jan. 14, 2010. The Chinese emergency rescue team arrived in Haiti's capital Port-au-Prince early Thursday local time, to help the rescue operation after an earthquake in which up to 100,000 people are feared dead and eight Chinese are still missing. Five patients at a time were carried to the humble "mobile hospital" by volunteers. Most of them suffered physical traumas and the long-time exposed wounds were infected in many of the cases, Hou Shike, chief doctor of the rescue team told Xinhua on Thursday.     The Chinese doctors expressed their sorrow for the lack of medication supplies in Haiti, a country believed to be the poorest of the western hemisphere.     "Doctors and medicine are of great need here," Hou said in a painful tone. With each "Merci (Thank you)" from a cured patient, the medicine that the rescuer brought from China becomes less.     "Now we see the patients are still able to move. But when the infection gets worse, the consequences will be critical," Hou said, apparently worried.     "I hope there are more rescue teams joining us," he said.     China's rescue team arrived in Port-au-Prince on early Thursday morning, with 50 members of the International Rescue Team of China, three rescuer dogs and more than 20 tons of equipment and humanitarian aid.     The Chinese government officials from the Foreign Ministry and Public Security Ministry and media also arrived on a chartered plane. Members of a Chinese emergency rescue team inspect the collapsed building of the headquarters of the UN Stabilization Mission in Port-au-Prince, Haiti, Jan. 14, 2010. The Chinese emergency rescue team arrived in Haiti's capital Port-au-Prince early Thursday local time, to help the rescue operation after an earthquake in which up to 100,000 people are feared dead and eight Chinese are still missing. An earthquake of 7.0 magnitude struck Haiti on Tuesday, destroying buildings and basic infrastructures, leaving thousands of people dead and millions affected, including the United Nations' Stabilization Mission in Haiti (MINUSTAH).     It was announced Thursday that a total of four police, 19 soldiers and 13 civilian staff members with the UN mission have died and hundreds of UN personnel unaccounted for.     According to United Nations' statistics, 70 percent of Haiti's population lives in poverty and half of its 8.5 million people are unemployed. The Food and Agriculture Organization has designated Haiti as one of the world's most economically vulnerable countries.

UNITED NATIONS, March 18 (Xinhua) -- China on Thursday voiced its support for the liberalization of global trade and opposition to trade protectionism in all its forms in order to pave the way for the economic recovery in the world at large.The statement came as Li Baodong, the permanent Chinese representative to the United Nations, was taking the floor at the Special High-Level Meeting of the UN Economic and Social Council with the Bretton Woods Institutes, namely the World Bank and the International Monetary Fund, the World Trade Organization (WTO) and the United Nations Conference on Trade and Development."China supports the liberalization and facilitation of global trade, and opposes trade protectionism in all its forms," Li said. "We should strive for the conclusion of the Doha round negotiations in 2010 to bring about comprehensive and balanced results. We also need to redouble the efforts of the WTO to promote aid for trade, and help developing countries strengthen capacity building.""Trade is a key driver for world economic recovery," he said. " Since the outbreak of the financial crisis, world trade has plummeted, and trade protectionism is on a visible increase. Developing countries are the biggest victims of trade protectionism.""The overall situation of the world economy has now turned for the better, but with the negative impact of the financial crisis still lingering, developing countries are faced with a huge challenge in achieving the MDGs (Millennium Development Goals) on schedule," Li said.The High-level Plenary Meeting on MDGs to be held in September this year will be a major action taken by the UN system for the achievement of the MDGs in 2015, Li said."China supports the convening of this meeting and hopes the meeting will provide a platform for the international community to hear the voice of UN member states, especially that of developing countries, learn about the difficulties they have encountered in achieving the MDGs, and push for developed countries to truly shoulder the responsibility of helping developing countries, fulfill their commitments and reach consensus on future actions," he added.

BEIJING, March 20 (Xinhua) -- The appreciation of renminbi, or China's currency yuan, will not help tackle the global economic imbalance, economists said here Saturday.The idea that yuan's appreciation would cure global economic imbalance was not going to happen, Angel Gurria, secretary general of the Organization for Economic Cooperation and Development, said at the China Development Forum 2010.To solve trade imbalance, countries such as the United States and China should seek measures to encourage domestic consumption, improve social well-being and reform pension system, instead of sticking to the exchange rate issue, Gurria said.The exchange rate adjustment, especially between the United States and China, would not help cut the U.S. trade deficit, while one way to tackle the problem is to loose restrictions on high-technology exports to China, Nobel Prize-winning economist Joseph Stiglitz said.Since China overtook Germany to become the world's largest exporter, the country is facing increasing criticism for devaluating the yuan to earn artificial price advantages. Some U.S. senators have recently ratcheted up pressure on yuan appreciation and urged the government to label China as currency manipulator."If the U.S. government names China as a currency manipulator, quite unfortunately, it will hurt the bilateral relations at least in short and medium term," said Li Daokui, director of the Center for China in the World Economy of Tsinghua University."The two countries should be cooperative to solve the problem, while naming China as a currency manipulator will be no help," Li said."After all, it will not be in the interests of the United States, China and the whole world if the two countries' disputes escalate into a trade war," he said.

来源：资阳报