Identifier
Created
Classification
Origin
09BEIJING1535
2009-06-08 09:55:00
UNCLASSIFIED//FOR OFFICIAL USE ONLY
Embassy Beijing
Cable title:  

REPS KIRK-LARSEN MEET VICE PREMIER WANG QISHAN

Tags:  ECON EFIN PREL ECIN CH 
pdf how-to read a cable
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UNCLAS SECTION 01 OF 02 BEIJING 001535

SENSITIVE
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STATE PASS FOR USTR

E.O. 12958: N/A
TAGS: ECON EFIN PREL ECIN CH
SUBJECT: REPS KIRK-LARSEN MEET VICE PREMIER WANG QISHAN

REF: (A) Beijing 1473; (B) Beijing 1500; (C) Beijing 1518; (D)
Beijing 1523

BEIJING 00001535 001.2 OF 002


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BEIJING 00001535 002 OF 002


he is a "little worried" as the responsible official, Wang is even
more concerned. That said, Wang pointed out that debate over
reforming the international financial system should be viewed as
part of a long-term process, not something that would be implemented
in the near future or a viable way to fix current problems.


7. (SBU) Wang said that for now, given America's economic
pre-eminence and China's huge exposure to the fortunes of the U.S.
economy, the United States is still "calling the shots" in the
relationship, and power shifts to the borrower when it is as
powerful as the United States. The convergence of interests made it
impossible for China to do anything other than hope for an early and
full U.S. economic recovery. He was confident about the prospects
for recovery, whether it took two or four or five years, pointing
out that humankind had overcome far greater perils during the 20th
Century's two world wars. He also said that human progress, fueled
by constant technological innovation, was unstoppable. He said that
innovation would be the key to solving global environmental problems
without asking people to give up their cars and air conditioners.
Finally, Wang said the three meetings of the G20 over such a short
time span were both unprecedented and a clear sign that the world's
leaders were seriously committed to working together, and this also
gave him confidence about the future. He noted that while there had
been a consensus in the G-20 between China and the United States on
how to respond to the global financial crisis and spur growth, there
remand significant disagreement with and within Europe.


8. (U) Representatives Kirk and Larsen did not have the opportunity
to clear this message before departing.

PICCUTA