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article imageChina Declares Support of April Summit on Global Economic Crisis

By Carol Forsloff     Mar 7, 2009 in World
China has declared its willingness to cooperate with other nations in resolving the global economic crisis. There is to be a conference toward that end.
China's foreign Minister Yang Jiechi has said that China is ready to cooperate with the United States and other countries at the April G20 summit in London. This will be a worldwide effort to put countries back on track towards recovery.
Minister Yang Jiechi said on Saturday that this year's diplomatic effort is to promote economic cooperation. "Economic development is the central task of China right now. The focus of our diplomatic work should be more than creating a favorable international environment for the country's economic growth, but also to directly serve the economy,"
In writing for the China Daily one expat has pointed out that even though china's GDP is forecast to be more than 6.8 percent the stock markets, bailout packages and other problems reflect China's concern globally. They have invested throughout the world and are being hit on all sides. Furthermore there has been a 17.5 percent drop in exports in January compared with a year ago and a 43.1 percent fall in imports.
Interestingly enough, while the United States is seeking a governmental strategy using government intervention through bailouts, Premier Wen Jiabio is trying to keep China maintaining a steady and fairly rapid growth economically by expanding domestic demand, specifically the consumption demand. Indeed the Chinese voice sounds more akin to that of some Republicans in relying on citizenry's involvement in the economy to turn things around. That notion is akin to the everyday Chinese the author met earlier in 2008 where folks are quite entrepreneurial and enjoying the mix of socialism and capitalism. Bargains can still be found on almost every street corner and silk market where the tourists gather to haggle with merchants. The old ways and the new ways mingle as they likely will continue, now that China's arms are outstretched to the world.
In any case, China and the United States will have an opportunity to share notes on their strategies at the conference in April which both countries have planned to attend.
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