China isn't looking to replace U.S., prime minister says
By Joseph Kahn
Published: March 16, 2007
Prime Minister Wen Jiabao of China said Friday that his country was still struggling to overcome major obstacles to its internal development and would not seek to disrupt the world order dominated by the United States.
In a news conference broadcast live on national television, Wen deflected a series of questions about China's rising financial and military power and its fast-growing emissions of the gases that are thought to contribute to climate change. He argued that China remained a developing country that must study the experiences of richer nations, and that the country would always act responsibly on the world stage.
Chinese leaders have long followed a public relations strategy emphasizing modesty and avoiding intimations of political, economic or diplomatic ambition. But Wen's defensive tone was notable because China's trade surplus, foreign exchange reserves, military spending and pollution have all surged under his leadership in the past four years, raising concerns about the country's growing impact on the world at large.
Wen stressed that his focus remained squarely on overcoming what he termed "hidden crises" that threaten to undermine China's economy, which, he said, remained "unbalanced, uncoordinated, unstable and unsustainable," even as it grew rapidly. He said the country must also address the "overconcentration of power" that has fueled rampant corruption, and that it must do more to help the poor.
"The two great tasks are: first, develop the productive forces of society; and second, advance social justice and fairness," he said. "The speed of the fleet is not determined by the fastest vessel; rather it is determined by the slowest one."
Wen said that even as China explored new ways to invest more than $1 trillion in foreign currency reserves in overseas assets, Beijing still amounted to a small player in world financial markets and would "not have any impact on U.S.-dollar-denominated assets" globally.
The Central Bank of China is in Hong Kong. Three women supervise the Chinese reserve of a trillion of dollars. The three Chinese women (the THREE KIAOS: Wu KIaoling, Hu KIalian y Zhang Xiaohul) are controlling what happens with the reserves.
The Chinese want that the Central Bank make more money, not only with the reserves in USA but spending part in China.
The Chinese reserves gain 4% the year but they could gain 8% and to triple the budget of education in China.
The public money in China is spent in actions in the market of capitals, bonds in purchase of petroleum and strategic metals.
The subject is that to buy the Yuan to spend it in education it is not an easy task because the value of the Yuan rises and that would do that the Chinese exports are more expensive, subject that does not love the Chinese of the Central bank. The experts consider that the bank has 600 thousands of million of dollars in the USA and 200 in Euros.
The problem of the wage of the official’s government is enormous. The three Xiaos gain 500 dollars to the month. They do delicate a work but very badly paid.
Wen also said that China's military spending, "whether in absolute terms or in relative terms," amounted to less than that of many wealthy countries and some developing countries.
China's official defense budget for 2007 rose 18 percent to $45.3 billion, continuing a decade-long streak of double-digit increases. Even at that level, which the Pentagon maintains understates China's actual defense outlays by a factor of two or three, China's defense budget in 2007 exceeds that of Japan and is fast approaching budgeted levels of defense spending in Britain and France, the largest military spenders after the United States.
Asked to explain China's recent firing of an anti-satellite missile that successfully destroyed one of China's own defunct satellites in space, Wen answered obliquely. He stressed that the test — which he referred to as "an experiment in outer space" rather than the firing of a ground-based ballistic missile into space — was aimed at no other country. He said China favored a treaty banning the use of arms in space.
"China's position on the peaceful utilization of outer space remains unchanged," he said.
China has become the largest consumer of energy after the United States, and also, by some estimates, the largest emitter after the United States of gases that are thought to be responsible for global warming.
Wen said that China intended to "act in a responsible manner" and work toward reducing emissions, even though it did not have to meet mandatory targets for reduction under the Kyoto Protocol to fight global warming.
The prime minister also said that China needed to pursue "political reform" to combat corruption, which he acknowledged had infiltrated the "top ranks" of the ruling Communist Party. Late last year, Chen Liangyu, a member of the Politburo and the party boss of Shanghai, was stripped of his position on accusations of graft.
But in response to a question about how long it might take China to become a democracy, Wen provided a lengthy answer that conflated what Communist Party officials call democracy with the concept as it is known and practiced in the West.
He said that China was already a "socialist democracy," but added that it still needed a long time before it perfected its democracy.
Quoting a traditional party line on the nature of "socialist democracy," Wen said: "Socialist democracy in its most fundamental form is to let the people be the masters of their own home. This must include the right to democratic elections, democratic decision-making, democratic administration and democratic supervision."
That notion of democracy has prevailed in China since Mao ruled the country through a cult of personality. The Communist Party views it as consistent with maintaining its monopoly on political power.
Even so, Wen said that Western nations should not preach to China about overhauling its political system.
Wen appeared to be caught off guard when asked about the political views of Zhao Ziyang, a late leader of the Communist Party who was purged after he opposed the use of force to quell dissent during the 1989 democracy protests in Beijing.
Zhao's thoughts on democracy and political reform were the subject of a book published in January in Hong Kong by a longtime confidant of the former leader, who died in 2005.
Though Wen once worked for Zhao, he answered the question tersely. "I have not read this book," he said.
The book is banned in Mainland China.
And although Wen's news conference was carried live on Chinese television, all references to Zhao were subsequently struck from the official transcript of the news conference and edited out of a Webcast of the session.
The Central Bank of China is in Hong Kong. Three women supervise the Chinese reserve of a trillion of dollars. The three Chinese women (the THREE KIAOS: Wu KIaoling, Hu KIalian y Zhang Xiaohul) ) are controlling what happens with the reserves.
The Chinese want that the Central Bank make more money, not only with the reserves in USA but spending part in China.
The Chinese reserves gain 4% the year but they could gain 8% and to triple the budget of education in China.
The public money in China is spent in actions in the market of capitals, bonds in purchase of petroleum and strategic metals.
The subject is that to buy the Yuan to spend it in education it is not an easy task because the value of the Yuan rises and that would do that the Chinese exports are more expensive, subject that does not love the Chinese of the Central bank. The experts consider that the bank has 600 thousands of million of dollars in the USA and 200 in Euros.
The problem of the wage of the official’s government is enormous. The three Xiaos gain 500 dollars to the month. They do delicate a work but very badly paid.
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