国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

World pays greater attention to China's role: US expert

(Xinhua)
Updated: 2009-04-04 20:55

LOS ANGELES -- A US economist lauded China's role in the G20 Summit, saying other countries were paying greater attention to what China has said and done.

In an interview with Xinhua on Friday, James Barth, a senior economist at the Milken Institute, an independent think tank, said when China was speaking about the role of the world currency, US Treasury Secretary Tim Geithner retreated what he said because China is so important in helping fund the US deficit.

China is a key player in what is happening to interest rate and financing the deficit in the United States, Barth said.

Related readings:  Sino-US strategic and economic dialogues to merge  Analysis: Sino-US ties off to a good start  Official: China, US to resume military exchanges  President Hu talks with Obama on ties, crisis

The United States needs to cooperate with China, and China also needs to work with the United States in tackling the current financial crisis, he said.

Regarding China's concern over its losses in investment in U.S. assets, Barth argued that the U.S. treasury securities are among the safest in the world today, adding if China invested in other assets, the situation could be worse.

He also noted that it is clearly not in the interest of China, nor the U.S., nor the world economy if China moves too quickly to try to re-balance its portfolio.

China knows that and other countries do too. The world is grateful for what China is doing, he said.

"I think China is doing very well," Barth said, adding China is making effort to curb the downturn of its economic growth, and China is still in the positive growth.

As for the Chinese currency, the U.S. scholar said it is too early to talk about the RMB becoming a world currency now, but it could happen some day as China's expanding economy has become more integrated into the global economy.

If China continues to grow in the way it has, there is no reason not to believe that China's currency will become ever more important and play a major role in the world, he added.

News Flash

• Ideas supporting China-US partnership important
• Expert: Protectionism under new name short-lived
• Think tank summit concludes with calls for more co-op
• China retains foreign trade advantages: official
• China's steel demand in 2009 may surpass 2008
• Anti-protectionism announcement made at think-tank summit
• Economist: China's imports decline not due to protectionism
• Foxconn industrial output booming
• China mulls economic belt along Yellow River
• Expert calls for harsher punishment on trade protectionism cases

Organizer

Supporters