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The New DU. Reply #49: China's central bank tells US not to blame others for economic woes
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ozymandius
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Tue Nov-23-04 11:19 AM
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| 49. China's central bank tells US not to blame others for economic woes |
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BEIJING, (AFP) - A senior Chinese central bank official has warned the United States not to blame other countries for its own economic difficulties, a report said.
Li Ruogu, deputy governor of the People's Bank of China, also said in an interview with the Financial Times that foreign pressure would not force China to move faster on freeing up its exchange rate system.
"China's custom is that we never blame others for our own problem," Li was quoted as saying.
"For the past 26 years, we never put pressure or problems on to the world. The US has the reverse attitude, whenever they have a problem, they blame others."
more... http://story.news.yahoo.com/news?tmpl=story&ncid=1203&e=2&u=/afp/20041123/bs_afp/china_us_economy_forex&sid=96001027
Fed Chairman Alan Greenspan reacts to Chinese central bank's report. |
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