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Cablegate: Media Reaction: G20; North Korea

P 180854Z NOV 08
FM AMCONSUL HONG KONG
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UNCLAS HONG KONG 002100


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TAGS: OPRC KMDR
SUBJECT: MEDIA REACTION: G20; NORTH KOREA

TOPICS:
1. G-20
2. North Korea

HEADLINES AND EXCERPTS:

1. G-20

"Leadership by the West will only result in minute modification;
Asia must drive forward financial cooperation"

The independent Chinese-language Ming Pao Daily News had an
editorial (11/18): "Judging from the 'Washington declaration' by
the G20 summit, countries have reached consensus over enhancing
supervision and adopting a concerted pace to boost the global
economy. Developing countries will play a more important role in
revamping the international financial system. However, the overall
international financial system will not have any fundamental
changes. The U.S. will maintain its dominant status. Although
emerging markets and developing countries will have a bigger say,
Asian countries, under the same fundamental setup, should drive
forward economic and financial cooperation to comply with the
diverse and multi-polar trend.... Setting up an 'Asian IMF' will
not pose any challenges to the existing international financial
system. It will only be good for global economic development and
financial stability. An Asia with stable finances and prosperous
economies will be good for the whole world."

2. North Korea

"North Korea and South Korea will face another test"

The pro-PRC Chinese-language Macau Daily News remarked in an
editorial (11/17): "...The reason for North Korea to announce
halting North-South relations is that the U.S. has recently remove
North Korea from the list of countries supporting terrorism. South
Korea did not show a supporting stance, which has irritated North
Korea. South Korean media also frequently reported on the health
problems of North Korean leader Kim Jong-il, and its non-government
organizations always distribute leaflets criticizing Kim Jong-il at
the border area. All these have made North Korea mad. In addition,
North Korea believes that it has reached an agreement with the U.S.
over nuclear inspections. North Korea and the U.S. will turn
hostility into friendship. It can thus turn to the U.S. for
consultations and does not want to have dialogue with South Korea
again."

DONOVAN

© Scoop Media

 
 
 
 
 
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