China papers bask in G7 praise, pillory "Buy American"

[Coventina]

Source: Reuters

BEIJING (Reuters) - Chinese official media on Monday welcomed the relatively mild line on the yuan currency from a G7 meeting as vindication for its policies, while continuing to pillory "Buy American" provisions in U.S. rescue plans.

Chinese government officials have so far avoided public comment on the Group of Seven industrialized nations meeting on the weekend that praised "China's fiscal measures and continued commitment to move to a more flexible exchange rate."

The statement from the meeting in Rome was mild compared with a G7 statement in October that "encouraged" China to allow the yuan currency to appreciate.

Against the U.S. dollar, the yuan has recently been trading about even with levels seen in October.



Read more: http://uk.reuters.com/article/companyNewsMolt/idUKTRE51F1HF20090216

[madrchsod]

1. china wants the usa taxpayer to bail out their economy

sorry we want to spend our money putting -american workers-back to work in america.

[RaleighNCDUer]

2. You think they are deliberately trying to destroy us,

or that they don't really recognize that a point will come when we can no longer afford to buy their crap?

[louis-t]

3. Or pay them the money we owe them.

Awe, man, I got hearts!!! Thanks, whoever. I am touched.