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'China's economic responsibility' theory irresponsible

By Guo Jiping
0 CommentsPrint E-mail People's Daily, August 17, 2010
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3. The global financial crisis has taken China to the forefront of global affairs.

U.S. magazine Time said that China represents not only the future but also the present, which reflects Western media's typical view on China.

The gross exaggeration of China's comprehensive strength is heating up, with a mixture of jealousness, suspicion and fear. Having suffered heavy losses in the financial crisis, some countries almost lost their sense of superiority. Furthermore, after seeing China's outstanding performance in handling the crisis and great development potential in the post-crisis era, they became overwhelmed with psychological imbalance and thus continue to bitterly criticize China for "not shouldering economic responsibilities."

The worst is over, and the world economy is seeking a new development pattern and governing structure. However, the ongoing reforms have inevitably threatened the interests of the dominant powers in the international economic system.

Setbacks are unavoidable for countries that used to be lavish on spending but now have to tighten their belts. Given the fact that public opinion is against the politicians in these countries, they started to busy themselves with creating scapegoats to divert public attention from domestic problems.

The purpose of accusing China of being economically irresponsible also includes forcing China to adapt to their adjustment process, to follow their standards and to shoulder greater responsibility in order to guarantee their dominant positions in the international economic system. As long as China does not satisfy their requirements or act by their standards, it will be labeled as an irresponsible country.

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