Saturday, May 7, 2011

We raise money, rights with China

WASHINGTON - the United States said it will raise concerns with China of monetary values on the rights of man in talks next week, but acknowledged the progress made by Beijing in the economic sphere.


Two major economies of the world sit down Monday the annual strategic and Economic Dialogue, the main forum between the two countries whose relations have become more complex as the role of China in the world rises.


The U.S. accusations that China is to artificially its low yuan long dogged talks. But David Loevinger, a senior official of the Ministry of finance, said "absolutely see us a change of tone" from China as it faces the inflation.


"Eighteen months ago the Chinese exchange rate has been frozen;" Today he moves, "Loevinger stated to journalists."


"Next week we are going to China to let its exchange rate adjust to a faster pace to correct its undervaluation remain important news," he said.


China, said, "continues to intervene massively in the foreign exchange markets to force the appreciation of its currency."


The yuan has increased by five percent against the dollar in the past year, or 10% if taking into account inflation.


The United States and other trading partners have charged that China has kept the yuan below its real value to make exports cheaper, fueling a boom in production which led to soaring over the past ten years growth.


But the dynamics have changed over the past months that China grows concerned about inflation. Chinese consumer prices rose 5.4% year on year in March - the pace faster since July 2008 and well above the target of the 2011 four per cent government.


Pressure has also declined in Washington after the Republican Party won the elections of Congress last year in which many candidates of the Democratic Party of the President Barack Obama blamed China for us trade practices economic woes.


However, US officials say they have a series of economic concerns with China. On Wednesday, Secretary of Commerce Gary Locke told clearly that China was making life more difficult for companies through its regulations.


In response, the spokesman of the Ministry of Foreign Affairs Chinese Jiang Yu political Beijing foreign investment defended, saying: "maintain us a win-win strategy of opening the Chinese market."


Just seeing the progress on the issue of currency, US policymakers have accused record of human rights that China is deteriorating as the country climbs its largest crackdown on dissent in years.


Kurt Campbell, the Under-Secretary of State for Asia, said that the United States would raise "directly, honestly and openly" human rights issues with Chinese official guests.


"We ask Chinese interlocutors to get explanations on enforced disappearances, arrests, and legal procedures that we believe are either missing or inappropriate,", he said.


But human rights groups will be either to keep an eye attentive on how loudly to the United States raises these concerns.


The United States is no tangible progress week last in an annual dialogue with China human rights, leading activists fear that Beijing held the meeting in the hope of avoiding the subject in future discussions.


Apparently concerned about the democracy uprising, in the Arab world in recent weeks, China has rounded dozens of critics including Ai Weiwei, an avant-garde artist of world renown, whose outspoken ideas were deigns tolerated in the past.

China Thursday warned other countries to stop commenting on the detention of AI. Australian Prime Minister Julia Gillard pressed the case on a recent trip to Beijing and Austrian Chancellor Werner Faymann should do the same on a current tour.

Campbell said that the United States hope talk about situations around the world, including the rapid developments in the Middle East and the deadlock on the nuclear program of the Korea of North China.

A sign of global warming defence ties, Campbell said that military officials would take part in the talks for the first time.




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