Solar Energy News  
POLITICAL ECONOMY
Don't ask too much of emerging economies, says China's Hu

by Staff Writers
Yokohama, Japan (AFP) Nov 13, 2010
China's President Hu Jintao, under pressure on issues from currency and trade to climate change, said Saturday the world should not ask too much of emerging economies.

Hu, speaking on the sidelines of an Asia-Pacific summit in Japan, also reiterated China's commitment to "peaceful development" at a time when the two big East Asian powers are engaged in a bitter territorial dispute.

China, the world's number-two economy and top exporter, is under pressure to reduce its huge trade surplus, allow its yuan currency to rise and take more action on issues such as climate change.

"The international community should encourage emerging markets in the Asia Pacific to assume international responsibilities on the basis of their capabilities, national circumstances and levels of development," Hu said.

"To ask them to take on responsibilities and obligations beyond their capabilities and development stage will do no good to international cooperation and world economic development," he told a business forum.

"It can only damage the development of Asia Pacific emerging markets," he added, speaking ahead of the opening of a summit of the 21-member Asia Pacific Economic Cooperation (APEC) forum in Yokohama near Tokyo.

The gathering of world leaders comes amid a diplomatic feud between China and Japan after Tokyo arrested the Chinese captain of a fishing trawler in disputed waters more than two months ago, drawing Beijing's ire.

Japan has since released him, but the row has simmered on, sparking street protests in both countries.

No formal summit had been announced between Hu and Japanese Prime Minister Naoto Kan.

Hu, who came straight to Yokohama from a G20 summit in South Korea, also answered criticism that China keeps the yuan artificially low to boost exports, thereby amassing huge trade surpluses at the expense of other countries.

"We will continue to steadily move forward the reform of the renminbi exchange rate regime in a self-initiated, controllable and gradual manner," he said.

China pledged in June to allow the yuan to trade more "flexibly" but it has increased only slightly in value, and Beijing has come under US and European pressure to let it rise faster.

US President Barack Obama reiterated those concerns on Friday at the end of the G20 summit in Seoul, saying he hoped China would soon make progress on the appreciation of the yuan, which he qualified as "undervalued."

On the theme of the APEC summit -- trade -- Hu called on the international community to "oppose protectionism in all manifestations, call for and support free trade and handle frictions through dialogue and consultations."

He also pledged support for reviving stalled talks to free up global trade launched by the World Trade Organisation at its Doha Round in 2001.

The world community "should work for comprehensive and balanced outcomes of the Doha Round negotiations on the basis of the existing achievements, in order to realise the goals of the development round at an early date," he said.



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
The Economy



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


POLITICAL ECONOMY
G20 leaders kick off stormy summit
Seoul (AFP) Nov 11, 2010
The world's 20 biggest rich and emerging powers were locked late Thursday in anguished talks on fixing distortions that threaten global growth, as their leaders kicked off a fractious summit. The United States, striving to recover from its worst economic crisis in decades, locked horns anew with exporting giants China and Germany over a plan to rebalance skewed trade between deficit and surp ... read more







POLITICAL ECONOMY
Sheetz Creating E-85 'Clean Fuel Corridor'

Study: Biofuel not the answer for EU

OriginOil Achieves Hydrogen Production Comparable To Photovoltaics

Growing Sorghum For Biofuel

POLITICAL ECONOMY
NASA NIA To Sponsor Student Planetary Rover Challenge

Virtual Flight On A Robotic Arm

Studying Child-Mother Interactions To Design Robots With Social Skills

US Army Building Smarter Robots

POLITICAL ECONOMY
Global Warming Reduces Available Wind Energy

South Korea plans offshore wind project

Buoyant Times Ahead For Offshore Resource Assessments

Suzlon eyes China's wind power market

POLITICAL ECONOMY
Indian minister criticises 'criminal' SUVs

China auto sales growth accelerates in October

China says its car boom is ruining air quality

Fiat, Toyota 'years ahead' of EU emissions targets: research

POLITICAL ECONOMY
Iraq initials gas deals with Turkish, Kuwaiti, Korean firms

Miner to drill beneath Sydney for gas

Oil prices dive on stronger dollar, China rate rise rumours

Japan to send troops to remote isle over China fears: media

POLITICAL ECONOMY
Getting A Grip On CO2 Capture

EU sticks to 20-percent carbon cuts

Spitzer Telescope Finds Space Buckyballs Thrive

Australia's PM launches new bid to price pollution

POLITICAL ECONOMY
GE Executive Outlines Opportunity For Transformation Of US Energy Future

EU wants $1.4 trillion for energy overhaul

Obama inks energy agreements in India

EU unveils trillion-euro single energy market

POLITICAL ECONOMY
New Discoveries Concerning Pre-Columbian Settlements In The Amazon

Brazil mulls land auction to beat logging

Footage shows land clearing threatens Indonesia tigers: WWF

Litter collected, trees planted for global climate campaign


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement