Cablegate: Media Reaction: Tibet, Financial Crisis

VZCZCXRO9184
RR RUEHCN RUEHGH RUEHVC
DE RUEHBJ #4455 3400848
ZNR UUUUU ZZH
R 050848Z DEC 08
FM AMEMBASSY BEIJING
TO RUEHC/SECSTATE WASHDC 1253
INFO RUEHOO/CHINA POSTS COLLECTIVE
RHMFIUU/CDR USPACOM HONOLULU HI

UNCLAS BEIJING 004455

DEPARTMENT FOR INR/R/MR, EAP/CM, EAP/PA, EAP/PD, C
HQ PACOM FOR PUBLIC DIPLOMACY ADVISOR (J007)
SIPDIS

E.O. 12958: N/A
TAGS: OPRC KMDR CH

SUBJECT: MEDIA REACTION: TIBET, FINANCIAL CRISIS

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Editorial Quotes
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1. TIBET

"China warns Sarkozy again"

The official Communist Party international news publication Global
Times (Huanqiu Shibao)(12/05): "The Chinese government has made it's
stand known concerning the French President's meeting with the Dalai
Lama. China - Europe relations are undergoing a severe test. China
has explained their bottom line concerning the Dalai. If Sarkozy
continues to step over the line, he will face the strength of China.
Chinese experts indicate that Sarkozy's insistence to meet the Dalai
at the present time has seriously damaged the China-France
relations, which was already damaged before the Olympics. Both the
two countries' economic and trade relations will be influenced. The
Chinese government has given Sarkozy and the French people a lot of
chances. Sarkozy's behavior has harmed the feelings of the Chinese
government and its people. Right now, when France is impacted by the
financial crisis, Sarkozy should think and then act. The Dalai has
been a trouble maker in the International Society. However, where
China's interests are concerned, 'the Western countries that lift
stones in order to throw them at China, will only drop them on their
own feet', paying the price for their action."

2. FINANCIAL CRISIS

"Don't deny the market system because of the financial crisis"

The official Communist Party international news publication Global
Times (Huanqiu Shibao)(12/05): "The Chinese Government has issued a
4 trillion Yuan plan to stimulate the economy. It will undoubtedly
strengthen people's confidence in the economy and prevent its
further downward slide. However, because of the break-out of the
financial crisis, public opinion has been inclined towards denying
the market system. The markets went wrong. This doesn't mean that
there is anything wrong with their foundation. One should not simply
deny the market system. This amount of large-scale investment was
bound to be punished by the market because it wasn't concerned about
restrictions. The root cause of this financial crisis is not the
market system itself, but the lack of effective supervision of the
market. Many people seek a Keynesian resolution. However, Keynesian
is not omnipotent. When the market doesn't work, it is the
government's job to influence and correct it. However, the obsession
with Keynesian's presupposition that whatever the Government's
decision is -- is correct is, most of time, not the right decision.
The Government's decisions do not always solve the problem.
Sometimes they cause more damage than the damage caused when the
market initially went wrong."

RANDT

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