It is very rare that the Chinese President, who is also head of the country's Communist Party, speaks to the media about international affairs. But ahead of Hu Jintao's visit to America this week, the U.S. newspaper the Wall Street Journal and Washington Post had a written interview with the president. Read also:
He criticizes the United States' hard-working press note claiming the U.S. dollar as the world currency of the past. - The current international monetary system is a product of the past, writes Jintao to the two newspapers, and ask for an international financial system that is more "fair, inclusive and better managed," writes the Wall Street Journal .
He stressed that China is taking steps to make its own currency - yuan - more attractive on the world market, but admits that it is a "very long process" to make the currency competitive in international trade. Jintao have whatever little is left for the U.S. press money into furious speed. 600 billion dollars will be printed up before the summer. The United States' press money "means that the country is pouring more money into the economy.This measure helps to cover the country's deficit.But at the same time weakening the dollar value, thereby strengthening the Chinese currency. One of the strong currency will create problems for the export companies in the country, as Chinese goods are more expensive to buy for all other countries. Imported goods are, however, cheaper for the Chinese, and more expensive for Americans. - U.S. monetary policy affect significantly the global liquidity and capital flows, and therefore the liquidity of the U.S. dollar kept to a reasonable and stable level, expressing President said.
Silent about Xiaobo
Jintao received a long list of questions from the American newspapers, but chose to answer only seven of them.The questions were not answered about China's growing navy, accusations of Chinese cyber-attacks and the situation of Liu Xiaobo visa purposes won the Nobel Peace Prize last year. Jintao also avoided mentioning the U.S. arms sales to Taiwan.Nor does the conflict between North Korea and South Korea, where China and the United States is engaged on each side, were affected by the president.Instead, he said diplomatically: - Mutual trust between China and other countries in this region have deepened our collective response to the tough challenges, and our cooperation has continued to grow in pursuit of mutual benefits and win-win results, according to the newspaper.