MEDIA REACTION: NEGROPONTE'S VISIT, PAULSON'S COMMENTS,

UNCLAS BEIJING 000067

DEPARTMENT FOR INR/R/MR, EAP/CM, EAP/PA, EAP/PD, C
HQ PACOM FOR PUBLIC DIPLOMACY ADVISOR (J007)
SIPDIS

E.O. 12958: N/A
TAGS: OPRC KMDR CH

SUBJECT: MEDIA REACTION: NEGROPONTE'S VISIT, PAULSON'S COMMENTS,
U.S.-CHINA RELATIONS

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Editorial Quotes
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1. NEGROPONTE'S VISIT

"Bush sends an envoy to China for a farewell tour: Negroponte says:
U.S.-China relations is the legacy of the Bush administration"

The official Communist Party international news publication Global
Times (Huanqiu Shibao)(01/09): "Eight years ago, no one could
imagine that the deputy secretary of the most hawkish government in
years would say that the U.S. and China have no discord.
Negroponte's visit to China is being seen as the Bush
administration's farewell to China. In this complicated
relationship, the two countries [the Bush administration and China]
have shown some unwillingness to part ways. Even though the Bush
administration has received more criticism than compliments, the
U.S.-China relationship is considered the legacy of the Bush
administration. Negroponte mentioned that the U.S.-China relations
have become mature. Chinese experts also indicate that China's
gradually increasing strength is the foundation for the broader and
closer U.S.-China relations. What is more, the system for the U.S.
and China to control crisis has gradually improved. Both countries
have realized peaceful development is a basic need for them."


2. PAULSON'S COMMENTS

"Spilling dirty water on China harms China as well as the U.S."

The official Communist Party international news publication Global
Times (Huanqiu Shibao)(01/09): "In the U.S. where the financial
crisis started, some did not reflect on their own mistakes but tried
to conceal the mistakes and shifted their responsibilities.
Secretary Paulson and Bernanke are at the forefront of this scandal.
Paulson said it is newly-emerging market countries' high deposit
rate that has caused economic imbalance and Bernanke said the
bubbles of the American real estate industry are the fault of
Chinese people's high deposit rate. These are completely
irresponsible comments. The global conclusion is that, first the
large amount of sub-prime real estate loans, second the financial
byproducts, third the ineffectiveness of the market regulation
system, and fourth the failure of the financial supervision
institutes are the real reasons for the financial crisis. All of
these contributors have been directly caused by the U.S. Not to
mention the anti-terror war initiated by the U.S. to realize its
global hegemony strategy, speculation of its transnational companies
to dominate other countries' economy and its luxurious consumption
culture has all been responsible for the crisis."


3. U.S.-CHINA RELATIONS

"The U.S.-China 30th anniversary overthrows the Western theories of
China"

The official Communist Party international news publication Global
Times (Huanqiu Shibao)(01/09): "For the past 30 years, why hasn't
the development of U.S.-China relations caused any war but on the
contrary has manifested more harmony? The existing western theories
on international relations are unable to explain the phenomenon.
Among the various theories that are available to explain the
relationships that take place between large countries, economic
reliance is the theory that is used the most when describing the
past 30 years of the China-U.S. relationship. However, all these
Western theories are inherently flawed because they are based on
Western historical and social incidents. In fact, this new
phenomenon [China's rise] and the development of China's
relationships have moved out of the scope of the Western theories
that Chinese theorists have relied upon. As a scholar indicated,
whomever can explain the rise of China, will be the world's
master."

RANDT