US Republican presidential candidate Mitt Romney’s attacks on China and promise to name the country a currency manipulator if elected are foolish and hypocritical, Xinhua news agency said yesterday.
In a strongly worded English-language commentary, Xinhua said Romney’s anti-China rhetoric, if converted into policy upon him assuming office, would trigger a catastrophic trade war and damage the already weak global economic recovery.
“It is rather ironic that a considerable portion of this China-battering politician’s wealth was actually obtained by doing business with Chinese companies before he entered politics,” Xinhua wrote.
“Such blaming-China-on-everything remarks are as false as they are foolish, for it has never been a myth that pushing up the value of China’s currency would be of little use to boost the chronically slack job market of the world’s sole superpower, not to mention to magically turn the poor US economic performance around,” it said.
Romney has repeatedly pledged to get tougher with China on its trade and currency practices, including pledging to quickly declare China a currency manipulator if elected. His opponent, US President Barack Obama, has accused Romney, who founded and led private equity firm Bain Capital, of outsourcing jobs to both India and China.
China says the yuan’s exchange rate is essentially set by market forces, and that the currency has appreciated about 30 percent against the dollar since a landmark revaluation in 2005.
The Chinese government has generally been silent in the run-up to the November presidential poll. However, the state media has waded into the debate to lambaste what it sees as attempts to play the “China card,” in a reflection of official thinking and concern the country’s name is being unfairly dragged through the mud overseas.
Xinhua said such China-bashing had been “a cancer in US electoral politics, seriously plaguing the relations between the two countries.”
“It has also become a handy tool for US politicians who try to court the votes and support of ill-informed voters by ratcheting up antagonistic sentiment towards China, while truly serious social and economic woes within the United States have been left unfixed,” Xinhua said.
CONDITIONS: The Russian president said a deal that was scuppered by ‘elites’ in the US and Europe should be revived, as Ukraine was generally satisfied with it Russian President Vladimir Putin yesterday said that he was ready for talks with Ukraine, after having previously rebuffed the idea of negotiations while Kyiv’s offensive into the Kursk region was ongoing. Ukraine last month launched a cross-border incursion into Russia’s Kursk region, sending thousands of troops across the border and seizing several villages. Putin said shortly after there could be no talk of negotiations. Speaking at a question and answer session at Russia’s Eastern Economic Forum in Vladivostok, Putin said that Russia was ready for talks, but on the basis of an aborted deal between Moscow’s and Kyiv’s negotiators reached in Istanbul, Turkey,
A French woman whose husband has admitted to enlisting dozens of strangers to rape her while she was drugged on Thursday told his trial that police had saved her life by uncovering the crimes. “The police saved my life by investigating Mister Pelicot’s computer,” Gisele Pelicot told the court in the southern city of Avignon, referring to her husband — one of 51 of her alleged abusers on trial — by only his surname. Speaking for the first time since the extraordinary trial began on Monday, Gisele Pelicot, now 71, revealed her emotion in almost 90 minutes of testimony, recounting her mysterious
Thailand has netted more than 1.3 million kilograms of highly destructive blackchin tilapia fish, the government said yesterday, as it battles to stamp out the invasive species. Shoals of blackchin tilapia, which can produce up to 500 young at a time, have been found in 19 provinces, damaging ecosystems in rivers, swamps and canals by preying on small fish, shrimp and snail larvae. As well as the ecological impact, the government is worried about the effect on the kingdom’s crucial fish-farming industry. Fishing authorities caught 1,332,000kg of blackchin tilapia from February to Wednesday last week, said Nattacha Boonchaiinsawat, vice president of a parliamentary
DEFIANT: Ukraine and the EU voiced concern that ICC member Mongolia might not execute an international warrant for Putin’s arrest over war crimes in Ukraine Russian President Vladimir Putin was yesterday visiting Mongolia with no sign that the host country would bow to calls to arrest him on an international warrant for alleged war crimes stemming from the Russian invasion of Ukraine. The trip is Putin’s first to a member country of the International Criminal Court (ICC) since it issued the warrant about 18 months ago. Ahead of his visit, Ukraine called on Mongolia to hand Putin over to the court in The Hague, and the EU expressed concern that Mongolia might not execute the warrant. A spokesperson for Putin last week said that the Kremlin
RSS