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Cablegate: Media Reaction: China's Security, G20 Summit, Global

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RR RUEHCN RUEHGH RUEHVC
DE RUEHBJ #2771 2680951
ZNR UUUUU ZZH
R 250951Z SEP 09
FM AMEMBASSY BEIJING
TO RUEHC/SECSTATE WASHDC 6246
INFO RUEHOO/CHINA POSTS COLLECTIVE
RHMFIUU/CDR USPACOM HONOLULU HI

UNCLAS BEIJING 002771

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: PREL ECON KMDR OPRC CH

SUBJECT: MEDIA REACTION: CHINA'S SECURITY, G20 SUMMIT, GLOBAL
ECONOMY

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Editorial Quotes
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1. CHINA'S SECURITY

"Hu Jintao explained China's new security concepts at the UN General
Assembly"

The Shanghai-based Shanghai Media Group (SMG) publication, China
Business News (Diyi Caijing)(09/25)(pg A2): "Wang Yizhou, a
professor at Beijing University's Institute of International
Relations, said that China is currently facing more and more
non-traditional security threats, such as terrorism, religious
extremism and ethnic separatism; financial risks; and new infectious
diseases, like SARS, H1N1, and other influenza. The increasing
importance of non-traditional security issues highlights the close
connection between China's economic development and various economic
security issues, including energy, environment, and information
security. China's call for 'new security concepts' is due to the
current challenges it faces and the nature of these non-traditional
security threats. Bilateral channels have usually been used to
address traditional security issues; however, in response to new
security threats, we need to strengthen our multilateral
cooperation."

2. G20 SUMMIT

"'Exit strategy' difficult to implement; 'de-globalization'
threatens trade stability"

Guangdong 21st Century Publishing Company Ltd.'s business newspaper
21st Century Business Herald (21Shiji Jingji Baodao)(09/25)(pg 2):
"Before the G20 summit, Obama laid out a proposal to establish a
'sustainable and balanced growth framework,' the main focus of which
was to expand domestic demand in surplus countries, and a proposal
to establish mechanisms to review national economic policies. If we
connect his proposals to the recent Sino-U.S. tire trade dispute, we
can conclude that the 'cooperation honeymoon' between countries
during this crisis has ended. It seems that the current round of
the crisis has not only triggered global de-leverage and
de-inventory, but also 'de-globalization.' The worst case
post-recovery scenario for China would be for the global economy to
remain unbalanced and there to be increasingly severe protectionism,
both of which would pose a serious challenge to China's monetary
policy. As connected economies, it is critical that the U.S. and
China actively work to fix the post-financial crisis unbalanced
economic structure. Now that the economic model of the 1980s has
been destroyed, it will be a long process to build the foundation
for a new economic model. Therefore, the U.S. and China must make
common effort to construct a buffer zone for economic structural
adjustment. The Chinese central bank's major policy in the future
should be stabilizing the suddenly steep credit rates, which
requires stable external demand."

3. GLOBAL ECONOMY

"China should be wary of any sudden change to the global economic
situation"

The official Communist Party international news publication Global
Times (Huanqiu Shibao)(09/25)(pg 14): "China's economic recovery
will not be easy or fast. China will undergo a significant economic
transition. No one can predict when the recovery turning point will
be, but everyone knows that while the storm is over the clouds still
remain. It has become even harder for G20 countries to reach common
views and take consistent action. For China, the period of economic
development based solely on exports has passed. China needs to
explore new markets and find new sources of economic growth. The
negative influence of the global financial crisis combined with the
challenges of economic transition has put China through a very
difficult time. At this point, China's goal should not be trying to
be the first to recover, but rather should be finding a path to
sustainable development. "


HUNTSMAN

© Scoop Media

 
 
 
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